Direct: The cost of mortgages in the United States increased for the second week in a row, but it is still near the lowest level ever.
Today, Thursday, data from the Freddie Mac Foundation showed that the average cost of a 30-year mortgage increased to 3.28 percent during the week ending today, compared to 3.26 percent recorded in the previous week.
The US mortgage rate was a record low of 3.23 percent early this month.
Whereas, the average mortgage interest rate for 15 years decreased marginally to the level of 2.72% this week, compared to 2.73% last week.
“Mortgage rates have stabilized at very low levels over the past few weeks, while house buying demand is slowly improving,” the data showed.
“While demand for home improvement improves, inventory is low and there are no signs of a shift so far,” she added.