WASHINGTON (AP) - Long-term mortgage rates have barely budged, after marking their first increase of the year last week.
Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate loans is unchanged this week at 4.19 percent. That's still sharply higher than the 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.72 percent.
The average for a 15-year mortgage ticked up this week to 3.41 percent from 3.40 percent last week.
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