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March 6, 2026

Mortgage rate ticks up to 6%, ending a three-week slide

By ALEX VEIGA
AP Business Writer

The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran.

The benchmark 30-year fixed rate mortgage rate ticked up to 6% from 5.98% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.63%.


 
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