US rate on 30-year mortgage rises to 3.98 pct. - WRBL

US rate on 30-year mortgage rises to 3.98 pct.

Posted: Updated:
WASHINGTON, D.C. -

Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent.

Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.98 percent. That's up from 3.91 percent last week and the highest since April 2012. The average rate was last at 4 percent or higher in March 2012.

The rate on the 15-year loan advanced to 3.10 percent from 3.03 percent. That's also the highest since April 2012.

Concerns that the Federal Reserve will scale back its bond purchases have pushed rates higher. Still, mortgage rates remain low by historical standards.

Cheap mortgages have helped sustain a housing recovery that began last year, encouraging more Americans to buy homes or refinance existing loans.

  • On Your SideMore>>

  • Woman robbed of $700 at knifepoint in Columbus bank parking lot, report says

    Woman robbed of $700 at knifepoint in Columbus bank parking lot, report says

    Saturday, August 30 2014 11:11 PM EDT2014-08-31 03:11:34 GMT
    Two men held a 50-year-old woman at knife point and took hundreds of dollars from her in a bank parking lot Friday, according to a police report.The woman told police the attack happened after she withdrew $700 from the Wells Fargo ATM on 13th Street. She says it happened around 5:30 in the afternoon.“That is very surprising, especially in broad daylight. It's just getting outrageous these days,” said Roy Robertson, who was withdrawing money from the ATM on Saturday.The woman told News 3 she ...
    Two men held a 50-year-old woman at knife point and took hundreds of dollars from her in a bank parking lot Friday, according to a police report.The woman told police the attack happened after she withdrew $700 from the Wells Fargo ATM on 13th Street. She says it happened around 5:30 in the afternoon.“That is very surprising, especially in broad daylight. It's just getting outrageous these days,” said Roy Robertson, who was withdrawing money from the ATM on Saturday.The woman told News 3 she ...
  • Update: MCSD Tribunal upholds teacher layoff

    Update: MCSD Tribunal upholds teacher layoff

    Saturday, August 30 2014 3:53 PM EDT2014-08-30 19:53:22 GMT
    A laid off Muscogee County school teacher is trying to get her job back during a tribunal hearing. LaQuita Buckner was let go on July 11th after serving the school district for 18 years.
    A laid off Muscogee County school teacher is trying to get her job back during a tribunal hearing. LaQuita Buckner was let go on July 11th after serving the school district for 18 years.
  • Bloody details revealed in Columbus murder suspect’s court hearing

    Bloody details revealed in Columbus murder suspect’s court hearing

    Saturday, August 30 2014 12:01 AM EDT2014-08-30 04:01:33 GMT
    Police say the man accused of killing a Columbus woman and her baby was covered with blood when police pulled him over hours after the bodies were found.Brandon Conner had his first court hearing on Friday. Detectives testified on how they connected Conner, 35, to the murders.The remains of Rosella Mitchell and her son Dylan Conner were found in a home on Winifred Lane after a fire last Thursday. Officials say Mitchell was stabbed with a knife multiple times before the fire.Police say several...
    Police say the man accused of killing a Columbus woman and her baby was covered with blood when police pulled him over hours after the bodies were found.Brandon Conner had his first court hearing on Friday. Detectives testified on how they connected Conner, 35, to the murders.The remains of Rosella Mitchell and her son Dylan Conner were found in a home on Winifred Lane after a fire last Thursday. Officials say Mitchell was stabbed with a knife multiple times before the fire.Police say several...
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.