Mortgage Rates

FILE - An advertising sign for building land stands in front of a new home construction site in Northbrook, Ill., Wednesday, June 23, 2021. Mortgage buyer Freddie Mac reports on key 30-year mortgage rates on Wednesday, Nov. 23, 2022.

LOS ANGELES (AP) — The average long-term U.S. mortgage rate has edged lower for the second time in as many weeks, though it remains more than double what it was a year ago —- a significant hurdle for many would-be homebuyers.

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