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BUSINESSJul 9 · 16:02 UTCWDIV CLICKONDETROITAlex Veiga, Associated Press

Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs

The average 30-year U.S. mortgage rate increased to 6.49% from 6.43% last week, according to Freddie Mac, raising borrowing costs for homebuyers. The 15-year fixed-rate mortgage also rose to 5.82%, influenced by factors like the Federal Reserve's policy and higher 10-year Treasury yields, which reached 4.55% amid expectations of inflation and the war with Iran.

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