Business

Average long-term US mortgage rate rises to 6.75%, second straight uptick

Alex Veiga

Associated Press Published: July 17, 2025 at 12:03 PM Updated: July 17, 2025 at 1:02 PM Tags: Lisa Sturtevant , Business , Donald Trump FILE - A for sale sign stands outside a residence in Niles, Ill., July 1, 2024. (AP Photo/Nam Y. Huh, File) (Nam Y. Huh, Copyright 2024 The Associated Press. All rights reserved.)

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.

The long-term rate ticked up to 6.75% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate average

See Full Page