WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week, reaching highs for the year as investor anxiety over economic turbulence abroad moderated.
Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage increased to 4.09 percent from 4.04 percent a week earlier. The new level is the highest since last October.
The rate on 15-year fixed-rate mortgages rose to 3.25 percent from 3.20 percent. That matched its high for the year set last month.
Investors recently had been seeking safety in U.S. Treasury bonds amid economic tumult in China and Greece. Greece’s agreement this week with its European partners on a rescue package has calmed investor jitters and brought some retreat from Treasurys, pushing interest rates higher.
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