Average long-term U.S. mortgage rates inched up this week ahead ofa> another expected rate increase by the when it meets early next month.
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94 percent from 6.92 percent last week. Last year at this time, the rate was 3.09 percent.
The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, jumped to 6.23 percent from 6.09 percent last week. Last week it climbed over 6 percent for the first time since the housing market crash of 2008. One year ago, the 15-year rate was 2.33 percent
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