A under contract for home sale sign is seen outside of a home in Niles, Ill., Thursday, June 25, 2026. (AP Photo/Nam Y. Huh) The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%. When mortgage rates rise they …
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