Average interest rates on 30-year home loans slightly increased to 3.4 percent this week, but still remain near historic lows, Freddie Mac reported Thursday.
The average was up from last week’s 3.39 percent. However, it is just 0.04 percent above the all-time low of 3.36 that was set last month, Freddie Mac reported. Last year at this time, the average rate fell for the first time ever to below 4 percent — to 3.99 percent.
This week, the average interest rate on 15-year, fixed-rate mortgages slightly declined to 2.69 percent. It had been at 2.7 last week, Freddie Mac said. Last year at this time the average rate was at 3.3 percent.