United States Long-Term Rates Creep Up

Mortgage giant Freddie Mac says the average rate for a 30-year fixed-rate mortgage jumped to 3.75 percent from 3.69 percent last week. By contrast, the benchmark rate stood at 4.94 percent a year ago.

The average rate on a 15-year mortgage increased to 3.2 percent this week from 3.13 percent last week.