US rate on 30-year mortgage rises to 3.51 pct.




Business Top Stories from Associated Press (AP) show

Summary: WASHINGTON (AP) , Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan increased to 3.51 percent from 3.42 percent last week.