Long-term mortgage rate hits 6.52%, just below its high this year (opens in new tab)

The average long-term U.S. ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before started. The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage buyer Freddie Mac said Thursday. Despite the increase, the average rate remains below 6.84%, where it was a year ago. When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers, re...