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Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row

Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row
Photo: Odessa American (oaoa.com) · view original

By ALEX VEIGA AP Business Writer Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac s...

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