This April 2, 2018 photo shows a real estate sign outside of a sold property in San Francisco. On Thursday, April 12, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Jeff Chiu)

US long-term mortgage rates flat to higher; 30-year 4.42 pct

April 12, 2018 - 2:57 pm

WASHINGTON (AP) — Long-term U.S. mortgage rates were flat to slightly higher this week with the spring home buying season well underway.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages edged up to 4.42 percent from 4.40 percent last week. The benchmark stood at an average 4.08 percent a year ago.

Long-term rates fell last week, following a stretch of increases in January, February and early March as interest rates generally rose.

The average rate on 15-year, fixed-rate loans held steady this week at 3.87 percent.

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