August 2, 2025

average mortgage rate

Mortgage

Average mortgage rate eases again, offering modest relief

By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage eased to where it was three weeks ago, modest relief for prospective homebuyers challenged by rising home prices and stubbornly high borrowing costs. The long-term rate slipped to 6.72% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the

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