WASHINGTON — Average U.S. rates for fixed mortgages edged higher this week for the third straight week but remained low by historical standards.
Mortgage buyer Freddie Mac said Thursday that the average for a 30-year loan rose to 4.53 percent from 4.48 percent last week. The average for the 15-year loan increased to 3.55 percent from 3.52 percent.
Mortgage rates peaked in August at 4.6 percent amid expectations the Federal Reserve would reduce its $85 billion a month in bond purchases. Last month the Fed said it would cut its monthly purchases by $10 billion.