Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

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The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers just in time for the spring homebuying season

ByALEX VEIGA AP business writer

The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season.

The rate averaged 6.65% this week, up from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.74%.

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