The benchmark 30-year fixed rate mortgage rate edged up to 6.11%, essentially flat compared to last week when it was 6.1%, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.89%.
This is the latest increase since the average rate eased three weeks ago to 6.06%, its lowest level in more than three years.
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Average US long-term mortgage rate barely budges, holding near 6%