---
title: U.S. Mortgage Interest Rates Continue Rise
description: The average U.S. mortgage loan interest rate finished August 2018 more than two-thirds of a point higher than the same period in 2017. Combined with rising home prices in Massachusetts, rising loan costs are making real estate less affordable.
---

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# [U.S. Mortgage Interest Rates Continue Rise](https://info.buyersbrokersonly.com/blog/u.s.-mortgage-interest-rates-continue-rise)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Sep 5, 2018 11:33:46 AM

The average U.S. mortgage loan interest rate stood at more than two-thirds of a point higher than average rates during the same time last year, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending August 30, 2018.

The [30-year, fixed-rate mortgage loan](https://www.buyersbrokersonly.com/buying/massachusetts-mortgage-resource-center) averaged 4.52 percent, with an average 0.5 point, up from 4.51 percent the previous week. **The 30-year note averaged about two-3.82 percent during the same week *last year***.

“The 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat,” Sam Khater, Freddie Mac's chief economist, said. “While sales and price growth have softened [[nationally](https://info.buyersbrokersonly.com/blog/massachusetts-real-estate-inventory-continues-to-drop)] these last few months, this leveling of rates may be helping more buyers reach the market. Purchase mortgage applications this week were once again modestly above year-ago levels.”

The 15-year, fixed-rate [mortgage](https://info.buyersbrokersonly.com/blog/4-things-homebuyers-should-not-do-during-the-loan-approval-process) averaged 3.97 percent, with an average 0.5 point, a slight decline from 3.98 percent the previous week. The 15-year loan averaged 3.12 percent a year ago.

The five-year adjustable-rate mortgage (ARM) averaged 3.85 percent, with an average 0.3 point, an increase from 3.82 percent the previous week. The five-year ARM averaged 3.14 percent during the same week in 2017.

[View full post](https://info.buyersbrokersonly.com/blog/u.s.-mortgage-interest-rates-continue-rise)

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