Average US long-term mortgage rate ticks higher, holding near lowest point in more than 3 years

The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.1% from 6.09% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.95%. 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 5.49% from 5.44% last week. A year ago, it w ...