AP News

News Summary: US mortgage rates near record lows


RATES TICK UP: Average U.S. rates on fixed mortgages rose slightly this week and continued to hover near record lows.

THE NUMBERS: The average rate on the 30-year mortgage edged up to 3.41 percent. Three weeks ago, the rate touched a record low 3.36 percent. The rate on the 15-year mortgage rose to 2.72 percent, up from last week's record low 2.66 percent.

RATES STILL LOW: The rate on the 30-year loan has remained below 4 percent all year, helping drive a modest housing recovery. Rates have fallen even further since the Federal Reserve launched aggressive stimulus measures to boost the economy.

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