U.S. long-term mortgage rates rise moderately, remaining at historically low levels that can lure potential purchasers in the spring home-buying season.
FILE- This Feb. 21, 2019, file photo shows a newly constructed home with a fore sale sign in Natick, Mass. On Thursday, April 11, Freddie Mac reports on this week's average U.S. mortgage rates. U.S. long-term mortgage rates rose moderately this week, remaining at historically low levels that can lure potential purchasers in the spring homebuying season.
The declining trend in mortgage rates has made purchasing a home cheaper, and potential buyers have been rushing to take advantage of the lower borrowing costs. Despite the increase in rates this week, "We expect mortgage rates to remain low ..., boosting homebuyer demand in the next few months," Freddie Mac chief economist Sam Khater said.
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