Sites

Average US mortgage rates edge up; 30-year at 4.53 percent

Buying News
 .
. Associated Press

WASHINGTON — Long-term US mortgage rates edged higher this week, marking their first increase since early June.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier.

Despite the decline in recent weeks, long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. The rate stood at 4.03 percent a year ago.

The average rate on 15-year fixed-rate loans rose to 4.02 percent this week from 3.99 percent last week.

Subscribe to our free real estate newsletter — our weekly digest on buying, selling, and design — at pages.email.bostonglobe.com/AddressSignUp. Follow us on Facebook and Twitter @globehomes.