Mortgage rates ticked higher for the second straight week, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.24% from last week's reading of 6.22%.

The average rate on a 30-year loan was 6.78% a year ago.

"This near-flat movement reflects a broader market pause, as sentiment surrounding the government’s reopening is tempered by lingering fiscal and economic uncertainty," said Anthony Smith, Realtor.com's senior economist. "While the 10-year Treasury yield has shown signs of stabilizing, there is still no meaningful catalyst to push rates decisively higher or lower."

The 10-year Treasury yield hovered around 4.11%. Mortgage rates closely tr

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