homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

November 25, 2022

Mortgage rate drops to 6.58%

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago —- a significant hurdle for many would-be homebuyers.

Mortgage buyer Freddie Mac reported Wednesday that the average on the benchmark 30-year rate fell to 6.58% from 6.61% last week. A year ago the average rate was 3.1%.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.