US long-term mortgage rates rise, with 30-year at 3.56%

In this Sept. 3, 2019, photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Thursday, Sept. 12, Freddie Mac reports on this week’s average U.S. mortgage rates.

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels.

Mortgage buyer Freddie Mac says the rate on the 30-year, fixed-rate mortgage increased to 3.56 percent from 3.49 percent last week. Average rates on the benchmark loan have remained below 3.6 percent for four straight weeks — the first time that's happened since the fourth quarter of 2016.

A year ago, the 30-year rate stood at 4.6 percent.

The average rate for 15-year, fixed-rate home loans rose to 3.09% from 3% last week.

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