Mortgage buyer Freddie Mac says the average rate on a 30-year loan increased to 3.37 percent from 3.32 percent last week. That's just above the 3.31 percent rate of a month ago, the lowest on records dating to 1971.
The average on the 15-year fixed mortgage dipped to 2.65 percent from 2.66 percent last week. The record low is 2.63 percent.
Low rates have spurred home sales and helped spark a modest housing recovery. Sales of previously occupied homes jumped to a three-year high last month.
MORE HBJ HEADLINES
Southwest Airlines’ pilots sue over Boeing 737 Max 1:37 p.m. California firm buys shopping center across from Alderwood for $40.5 million The great road trip returns this summer thanks to cheap gas 11:19 a.m. Spokane jail gets $2.6 million contract for medical services China influence on local real estate may be permanent China criticizes U.S. steel anti-dumping measures