Housing squeeze: 30-year US mortgage rate rises to 6.72%; 5-week easing streak ends as borrowing costs inch up
The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was … Read more
