Long-term U.S. mortgage rates jumped this week, reaching their highest levels since late June amid indications of strength in the economy.
Continue Reading Below
Mortgage giant Freddie Mac says the average for a 30-year fixed-rate mortgage rose to 3.54 percent from 3.47 percent last week. Rates remain near historically low levels, however. The benchmark 30-year rate is down from 3.87 percent a year ago. Its all-time low was 3.31 percent in November 2012.
The 15-year fixed-rate mortgage, popular with homeowners who are refinancing, increased to 2.84 percent from 2.78 percent.