Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low.
Mortgage giant Freddie Mac says the nationwide average for a 30-year fixed rate mortgage increased to 3.87 percent this week, up from 3.83 percent last week. The rate hit 3.80 percent earlier this month, lowest since May 2013.
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The average for a 15-year mortgage also rose — to 3.15 percent this week from 3.10 a week earlier. The rate for a one-year adjustable-rate mortgage blipped up to 2.40 percent from 2.39 percent last week.
A year ago, the 30-year mortgage stood at 4.53 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to keep long-term rates low.