Sections
Shortcuts
Business

Average US rate on 30-year mortgage at 4.53%

Though home loan rates are up somewhat, they remain low by historical standards.
Though home loan rates are up somewhat, they remain low by historical standards.Nam Y. Huh /Associated Press/File 2013

This is a summary. To read the whole story subscribe to BostonGlobe.com

Average US rates for fixed mortgages edged higher this week for the third straight week but remained low by historical standards.

Mortgage buyer Freddie Mac said Thursday that the average for the 30-year loan rose to 4.53 percent from 4.48 percent last week. The average for the 15-year loan increased to 3.55 percent from 3.52 percent.

Mortgage rates peaked in August at 4.6 percent amid expectations the Federal Reserve would reduce its $85 billion a month in bond purchases. The purchases push mortgage and other long-term rates lower. Last month the Fed deemed the economy strong enough for it to reduce the monthly purchases by $10 billion.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Sections
Shortcuts

Share