Mortgage rates edged up this week, but even 30-year fixed rates below 5 percent have done little to boost home sales, The Associated Press reports.
Freddie Mac said Thursday that the average rate on 30-year fixed mortgages rose to 4.81 percent from 4.76 percent the previous week. It hit a 40-year low 4.17 percent in November.
The average rate on 15-year fixed mortgages increased to 4.04 percent from 3.97 percent. It reached 3.57 percent in November, lowest level on records dating back to 1991.
Mortgage rates tend to track the yield on 10-year Treasury notes, which rose this week.
ADVERTISEMENT
Â
