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August 21, 2026

Mortgage rates ease again, but remain higher than this time last year

By ALEX VEIGA
AP Business Writer

The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year.

The benchmark 30-year fixed rate mortgage rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.58%.


 
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