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Average US long-term mortgage rate edges lower, remaining near its low for the year
Homes
AP

Average US long-term mortgage rate edges lower, remaining near its low for the year

  • By ALEX VEIGA - AP Business Writer

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%. Mortgage rates began easing in July in anticipation of a series of Fed rate cuts, which began in September and continued this month. An encouraging report on inflation on Thursday could give the central bank cause to keep cutting interest rates next year.

Mortgage-Rates
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AP

Mortgage-Rates

  • David Zalubowski /AP photo

FILE - A for sale sign stands outside a single-family residence on the market May 22, 2024, in southeast Denver. (AP Photo/David Zalubowski, File)

Essex County DA espouses fraud awareness
Merrimack Valley

Essex County DA espouses fraud awareness

SALEM — For Fraud Awareness Week, Essex County District Attorney Paul F. Tucker is sharing some warning signs and tips with Essex County residents related to an alarming rise in scams involving cryptocurrency ATM kiosks. Fraud Awareness Week began in 2000 and is an international effort to minimize the impact of fraud by promoting anti-fraud education.