Average rate on a 30-year mortgage edges higher after declining four weeks in a row

The rate rose to 6.3% from 6.26% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.08%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also edged higher. The average rate rose to 5.49% from 5.41% last week. A...

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