News Summary: 30-year mortgage rate at 3.57 pct.

Published on NewsOK Modified: March 28, 2013 at 11:07 am •  Published: March 28, 2013

LOW RATES: Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market's steady recovery.

THE NUMBERS: The average rate on the 30-year fixed mortgage rose to 3.57 percent from 3.54 percent last week. That's near the 3.31 percent reached in November, which was the lowest on records dating to 1971. The average on the 15-year loan increased to 2.76 percent from 2.72 percent last week.

MORE BUYING, HIGHER PRICES: The lowest mortgage rates in decades are spurring more home purchases and refinancing. That's helped the broader economy. Increased sales also are pushing home prices higher.

Trending Now


  1. 1
    Oklahoma City Thunder: Kevin Durant reportedly trying to get Caron Butler to return
  2. 2
    Isolated Amazon Tribe Makes First Contact
  3. 3
    911 Dispatcher Handles Call About Her Choking Son
  4. 4
    Cops: Woman Faked Drowning to Avoid Court
  5. 5
    Brazilians Listened to the Song ‘Happy’ a Lot More After Their World Cup Disaster Against...
+ show more