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U.S. mortgage rates hit yearly high

This photo taken June 4, 2015, shows a sold sign at a new home development in Nashville, Tenn. Freddie Mac reports on average U.S. mortgage rates on Thursday, July 16, 2015. (AP Photo/Mark Humphrey)
This photo taken June 4, 2015, shows a sold sign at a new home development in Nashville, Tenn. Freddie Mac reports on average U.S. mortgage rates on Thursday, July 16, 2015. (AP Photo/Mark Humphrey) This photo taken June 4, 2015, shows a sold sign at a new home development in Nashville, Tenn. Freddie Mac reports on average U.S. mortgage rates on Thursday, July 16, 2015. (AP Photo/Mark Humphrey)

By Wire Service 1 min read

Average long-term U.S. mortgage rates rose this week, reaching highs for the year as investor anxiety over economic turbulence abroad moderated.

Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage increased to 4.09 percent from 4.04 percent a week earlier.

The new level is the highest since last October. The rate on 15-year fixed-rate mortgages rose to 3.25 percent from 3.20 percent. That matched its high for the year set last month.