Average US rate on 30-year mortgages rises to 4.01 percent

AP News
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Posted: Dec 31, 2015 10:04 AM

WASHINGTON (AP) — Average long-term U.S. mortgage rates crossed the 4 percent mark this week, a slight increase in the wake of the Federal Reserve decision this month to hike a key short-term interest rate.

Here's a look at rates for fixed- and adjustable-rate mortgages this week and over the past year: