Average US 30-year mortgage rate edges up to 3.83 percent, near 19-month low

IndustriesAssociated Press

Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.

Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage edged up to 3.83 percent this week from 3.80 percent last week, which had been the lowest level since May 2013.

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Other mortgage rates were also up by small amounts but all remained near historically low levels that should be a boon to potential homebuyers.

The average for a 15-year mortgage, a popular choice for people who are refinancing, stood at 3.10 percent, compared to 3.09 percent last week. The rate for a one-year adjustable rate mortgage rose to 2.39 percent, compared to 2.38 percent last week.