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May 15, 2026

Mortgage rate eases to 6.36% in first drop in two weeks

By ALEX VEIGA
AP Business Writer

The average long-term U.S. mortgage rate edged lower 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%.


 
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