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March 20, 2026

Long-term mortgage rate rises to 6.22%

By ALEX VEIGA
AP Business Writer

The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season.

The benchmark 30-year fixed rate mortgage rate rose to 6.22% from 6.11% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.67%.


 
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