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The average long-term US mortgage rate rose to 6.39% this week, Freddie Mac says
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A home under construction at a development in Eagleville, Pa., Friday, April 28, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. - photo by AP Photo/Matt Rourke
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged higher this week after a two-week drop, a modest move in line with a mostly moderate shift in home-loan rates in recent weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.39% from 6.35% last week. The average rate a year ago was 5.25%.