FILE This is a home sold in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021. Average long-term U.S. mortgage rates resumed their ascent this week, Thursday, May 5, 2022, as the key 30-year loan reached its highest point since 2009. (AP Photo/Gene J. Puskar)
June 5, 2022
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June 5, 2022 midnight
Average long-term US mortgage rates edge down, still over 5%
Average long-term U.S. mortgage rates edged down slightly this week, though interest rates on the key 30-year home loan remain at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked down to 5.09% from 5.1% last week.