Business briefs: Mary Andre becomes shareholder in Civil Design Consultants Inc. | SteamboatToday.com

Business briefs: Mary Andre becomes shareholder in Civil Design Consultants Inc.

— Mary Andre has become a shareholder in Steamboat Springs-based Civil Design Consultants Inc., according to a news release.

Andre joined the firm in 1999, the release states, and has worked as a project engineer and project manager before becoming a principal-in-charge on projects involving the construction of water and wastewater infrastructure.

Andre has bachelor's and master's degrees in civil engineering from Colorado State University and is a licensed professional engineer in Colorado, the release states.

Civil Design Consultants is a 10-person firm founded in 1987 that provides engineering and planning services through Northwest Colorado.

Average 30-year US mortgage rate up to 4.33 percent

Average U.S. rates on fixed mortgages rose this week but remained near historically low levels.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan increased to 4.33 percent from 4.28 percent last week. The average for the 15-year mortgage edged up to 3.35 percent from 3.33 percent.

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Mortgage rates have risen about a full percentage point since hitting record lows roughly a year ago. The increase was driven by speculation that the Federal Reserve would reduce its $85 billion-per-month bond purchases. Deeming the economy to be gaining strength, the Fed proceeded last month with planned reductions of its bond purchases, which have helped keep long-term interest rates low.

The housing market is expected to deliver another year of solid gains, helped by an improving economy. Most economists expect home sales and prices to keep rising this year, but at a slower pace. They forecast that both likely will rise by about 5 percent, down from double-digit gains in 2013.

— The Associated Press