Long-term US mortgage unchanged again this week at 3.55%

Published January 27, 2022 8:00 AM

By MATT OTT
AP Business Writer

WASHINGTON (AP) — Average long-term U.S. mortgage rates were flat for a third straight week after rising about a half percent early in the year. The average rate on the 30-year loan held at 3.55% from last week, mortgage buyer Freddie Mac reported Thursday. It stood at 2.73% a year ago. The average rate on 15-year, fixed-rate mortgages, popular among those refinancing their homes, fell to 2.77% from 2.80% last week. One year ago, the rate was 2.21%. Though they remain historically low, home loan rates have been rising to levels not seen since early 2020, at the onset of the coronavirus pandemic.

Article Topic Follows: AP National Business

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