US mortgage rates rise over 3%; 30-year at 3.02%

FILE - In this Thursday, Feb. 18, 2021 file photo, a new home is for sale in Madison, Ga. Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the pandemic recession continues while inflation remains elevated. Mortgage buyer Freddie Mac reported Friday, June 25 that the average for the key 30-year home loan rose to 3.02% from 2.93% last week. By contrast, the rate stood at 3.13% a year ago.(AP Photo/John Bazemore, File)