Average rate on 30-year mortgage stays 4.4 percent

WASHINGTON • Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective home buyers more time to lock in historically low levels. Mortgage buyer Freddie Mac says the average rate on the 30-year loan remained unchanged at 4.4 percent. That is a full percentage point higher than in early May, when rates neared record lows. Still, rates remain low by historical standards. The average on the 15-year fixed loan edged up to 3.44 percent from 3.43 per...

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