In this Sept. 25, 2019, photo a realtor's sign sits outside a house for sale in Jackson, Miss. On Thursday, Oct. 3, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)

US long-term mortgage rates steady; 30-year at 3.65%

October 03, 2019 - 12:43 pm

WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook.

Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage edged up to 3.65% from 3.64% last week. By contrast, the average rate stood at 4.71% a year ago.

The average rate for 15-year, fixed-rate home loans slipped this week to 3.14% from 3.16% last week.

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