LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. The average rate on a 30-year mortgage rose to 6.77 percent from 6.64 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago,
LOS ANGELES — The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on a 30-year mortgage rose to 6.64 percent from 6.63 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.12 percent. “Mortgage rates remain
The average long-term U.S. mortgage rate retreated for the ninth straight week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61 percent from 6.67 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.42 percent. Borrowing costs on 15-year fixed-rate mortgages,