US Long-Term Mortgage Rates Edge Up, Hover in Mid-6% Range
The average long-term U.S. mortgage rate inched higher this week, reflecting a recent rise in the 10-year Treasury yield. According to Freddie Mac, the average rate on a 30-year mortgage rose to 6.64% from 6.63% last week, marking an increase from the previous year’s rate of 6.12%. Freddie Mac’s chief economist, Sam Khater, noted that […]