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Average US rate on 30-year mortgage rises to 3.66 percent

Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.

Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage increased to 3.66 percent from 3.59 percent last week. That brought it close to its level a year ago of 3.68 percent.

The average rate on 15-year fixed-rate mortgages advanced to 2.89 percent from 2.85 percent last week.

Prices of U.S. government bonds remained at high levels, amid signs that the Federal Reserve won't raise the interest rates it controls in the immediate future. That means low levels for the bonds' yields, which move in the...

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