Average US long-term mortgage rate rises again, inching up to 6.24%

The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, though it remains near its low point so far this year. The average long-term mortgage rate ticked up to 6.24% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Just two weeks ago, the average rate was at 6.17%, its lowest level in more than a year. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, edged lower this w ...