AP News

News Summary: Rate on 30-year mortgage: 3.66 pct.


RATES RISE: Average U.S. rates on fixed mortgages rose for the fourth straight week, remaining slightly above record lows.

THE NUMBERS: The rate on the 30-year loan rose to 3.66 percent, mortgage buyer Freddie Mac says. The rate on the 15-year mortgage increased to 2.89 percent.

OUTLOOK: Four weeks ago, the rate on the 30-year loan fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s. Cheap mortgages have helped fuel a modest housing recovery this year.


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