Benchmark mortgage rate inches up to 3.90 percent
BY Associated Press
Friday, April 20, 2012
4/20/12 at 4:12 AM
The nation's benchmark mortgage rate is staying near its lowest level on record.
Mortgage buyer Freddie Mac said Thursday that the average 30-year, fixed-rate home loan is going for 3.90 percent, up from 3.88 percent last week.
The rate touched 3.87 percent in February, which was the lowest since long-term mortgages began in the 1950s.