U.S. Mortgage Rates Rise for First Time in Eight Weeks
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Mortgage rates in the U.S. rose from a record low, breaking a seven-week streak of declines that fueled demand for home loans.
The average rate for a 30-year fixed mortgage increased to 3.71 percent in the week ended today from 3.67 percent, the lowest level in records dating to 1971, according to a statement from McLean, Virginia-based Freddie Mac. The average 15-year rate climbed to 2.98 percent from 2.94 percent.