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The Independent UK
The Independent UK
National
Matt Ott

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

Mortgage Rates - (Copyright 2024 The Associated Press. All rights reserved.)

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.

The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.66% a year ago. It has risen for four straight weeks.

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