US housing watch: 30-year mortgage rate edges up to 6.22%; rise ends four-week decline as bond yields ease
The average long-term US mortgage rate rose slightly this week, snapping a four-week decline that had brought borrowing costs to their lowest level in over a year, AP reported.Mortgage buyer Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage ticked up to 6.22% from 6.17% a week earlier. A year…