mortgage rates leap

WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

WASHINGTON — Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets. Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from … Continue reading WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent