US average mortgage rates ease; 30-year at 4.83 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates.

Home borrowing rates still remain at their highest levels in more than seven years, dampening the outlook for prospective homebuyers. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages eased to an average 4.83 percent this week from 4.86 percent last week. A year ago, it stood at 3.94 percent.

The average rate on 15-year, fixed-rate loans slipped to 4.23 percent this week from 4.29 percent last week.

Associated Press

Associated Press

More News

STORMTRACKER 18 WEATHER
Osseo
Menomonie
Chetek
Durand
10°
Ladysmith
11°
Neillsville
10°
Rice Lake
New Richmond
10°
Black River Falls
Medford
River Falls
12°
Duluth
15°
Green Bay
16°
La Crosse
17°
Madison
18°
Milwaukee
22°
Twin Cities
20°
Weather Outlook: Warmer weather on the way, but it won’t last long

Weather Outlook: Warmer weather on the way, but it won’t last long

It will get warmer over the next couple days. Well, at least warming up to near average temperatures. A cold

Connect With WQOW
Top Stories

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

UPDATE: Middleton shooter was employee of business where he opened fire

The Middlelton Police department sent a phone message to residents about an active shooter.

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

Scroll to top
Skip to content