AVERAGE US RATE ON 30-YEAR MORTGAGE EDGES UP TO 3.68 PERCENT

Source: Associated Press

It was the second straight weekly increase for long-term loan rates, which had declined since the start of the year amid global economic anxiety and market turbulence. It was only the second time this year that rates rose. Mortgage buyer Freddie Mac said the average rate on a 30-year, fixed-rate mortgage edged up to 3.68 percent from 3.64 percent last week. The average rate on 15-year fixed-rate mortgages increased to 2.96 percent from 2.94 percent last week. That being said, rates still remain at historically low levels at the start of the spring home buying season.

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