Average US long-term mortgage rate edges higher, but still near lowest point in more than 3 years

The average long-term U.S. mortgage rate ticked higher this week, but remains near its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.09% from 6.06% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.96%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. That average rate inched up to 5.44%, up from 5.38% last week. A year ago, it was at 6.16%, Fre ...