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The Independent UK
The Independent UK
National
Matt Ott

Average long-term US mortgage rates rise this week to 6.94%

United States US Federal Reserve Inflation Freddie Mac
Copyright 2020 The Associated Press. All rights reserved

Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month.

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94% from 6.92% last week. Last year at this time, the rate was 3.09%.

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