US rate on 30-year mortgages rises to 3.59 percent

Published August 9, 2012 2:00pm ET



WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose for the second straight week, staying slightly above historic lows.

Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.59 percent, up from 3.55 percent last week. Two weeks ago, the rate fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.