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Average US long-term mortgage rate edges lower, remaining near its low for the year
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FILE - A for sale sign stands outside a single-family residence on the market May 22, 2024, in southeast Denver. - photo by AP Photo/David Zalubowski, File
The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%.