Alert: Big Tech Bans Our Stream

US mortgage rates mixed: 30-year unchanged at 3.1%

This is a home for sale in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021.  U.S. mortgage rates were mixed this week, Thursday, Nov. 24. The average rate on the benchmark 30-year, fixed rate home loan was unchanged from last week at 3.1%; a year ago, it stood at 2.72%.   (AP Photo/Gene J. Puskar)
This is a home for sale in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021. U.S. mortgage rates were mixed this week, Thursday, Nov. 24. The average rate on the benchmark 30-year, fixed rate home loan was unchanged from last week at 3.1%; a year ago, it stood at 2.72%. (AP Photo/Gene J. Puskar)

WASHINGTON (AP) — U.S. mortgage rates were mixed this week.

The average rate on the benchmark 30-year, fixed rate home loan was unchanged from last week at 3.1%; a year ago, it stood at 2.72%. Fifteen-year, fixed rate mortgage rates blipped up to 2.42% from 2.39% last week; it was 2.28% a year ago.

The U.S. housing market has been hot, helped by low interest rates, a limited supply of available homes and pent-up demand from consumers who spent much of the past year and a half cooped up at home.

Many economists expect U.S. interest rates to rise in coming months as the Federal Reserve moves away from the easy money policies it adopted last year when the coronavirus slammed the U.S. economy last spring. “Looking ahead, homebuyers can expect a continued gradual rise in mortgage rates punctuated by occasional dips,″ said Danielle Hale, chief economist at Realtor.com.

A strong rebound from the pandemic recession has fueled a runup in consumer prices, which climbed 6.2% last month from a year earlier — biggest gain since 1990.

Rates on five-year adjustable rate loans fell to 2.47% from 2.49% last week. They were at 3.16% a year ago.

On-Air & Up next

  • The Weekend Answer
    7:00AM - 8:00AM
     
    A one hour, fast-paced talk show on the week’s biggest news, in Southern California and the nation with thought leaders and influencers from business, politics and media. Garrett   >>
     
  • Brian Kilmeade Show
    8:00AM - 9:00AM
     
  • Move America Forward
    9:00AM - 10:00AM
     
  • The Barak Lurie Show
    10:00AM - 11:00AM
     
  • The Total Financial Hour
    11:00AM - 12:00PM
     

See the Full Program Guide