The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.

The benchmark 30-year fixed rate loan rate rose to 6.93 percent from 6.91 percent last week, according to mortgage giant Freddie Mac. It was at 6.66 percent a year ago and 3.64 percent five years ago.

U.S. mortgage rates are back at their highest level since last summer, frustrating homebuyers waiting for a break from some of the steepest borrowing costs in more than a decade.

The 30-year mortgage rate climbed to 6.93% as of Thursday, Freddie Mac said, the highest its been since July. AFP The 30-year-mortage rate continues to climb as it hit its highest level since July on Thursday.

The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac.