US long-term mortgage rates edge higher; 30-year at 3.33%

US long-term mortgage rates edge higher; 30-year at 3.33%

US long-term mortgage rates edge higher; 30-year at 3.33%Long-term mortgage rates rose slightly this week, continuing to hover near all-time lows amid anxiety over the economy and housing market gut-punched by the shutdown spurred by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan edged up to 3.33% this week from 3.31% last week. Demand from prospective homebuyers has weakened amid economic anxiety, and the housing market has been upended by the pandemic just as it was entering the busy spring season.