Average US rate on 30-year mortgage rises to 3.91 percent
WASHINGTON (AP) — For the second straight week, average long-term U.S. mortgage rates inched up this week as financial markets awaited the Federal Reserve's crucial decision on interest rates.
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage edged up to 3.91 percent from 3.90 percent a week earlier.
Capping months of feverish speculation, Fed policymakers may finally raise a key interest rate on Thursday.