The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospe ...

Freddie Mac’s rate for a 30-year fixed rate mortgage inched higher, averaging 6.75% for the week ending July 17.

Instead of dealing with a high monthly payment on a 15-year mortgage, homeowners could make extra payments on a 30-year, Flores suggested. For instance, if the monthly mortgage payment was $2,000 a ...