Average US long-term mortgage rate eases to 6.36% in first drop after two straight weekly increases

The average long-term U.S. mortgage rate edged lower this week, its first drop after rising the previous two weeks. The benchmark 30-year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.81%. Borrowing costs on...

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