Business

30-year rates back on upswing after 3-week dip

WASHINGTON - Rates on 30-year mortgages edged up slightly last week after falling for three straight weeks.

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.62 percent. That was up from 6.59 percent the week before, which had been the lowest level since early June.

Last week's rate is the highest since 30-year mortgages averaged 6.73 percent four weeks ago, a level that was near the high for the year of 6.74 percent set in mid-June.

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