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US long-term mortgage rates rise; 30-year at 2.79%

www.clickorlando.com

WASHINGTON – U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over.

Home loan rates touched new record lows last week, as the year opened against the continuing backdrop of damage from the coronavirus pandemic on the U.S.

and global economies — which suppressed rates through most of 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan jumped to 2.79% from 2.65% last week.

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