Average long-term U.S. mortgage rate climbs to 6.79% this week, highest level since November

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THE AVERAGE long-term U.S. mortgage rate climbed this week to its highest level since November. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.79% from 6.57% last week. A year ago, the rate averaged 5.09%. / ASSOCIATED PRESS FILE PHOTO
LOS ANGELES (AP) – The average long-term U.S. mortgage rate climbed this week to its highest level since November, driving up borrowing costs for would-be homebuyers at a time when the housing market is being held back by a near record-low inventory of homes on the market. Mortgage buyer Freddie Mac said Thursday that the…

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