News 8 posted Mortgage rates leap to 7-year highs; 30-year at 4.90 percent News 8 Culver-Winton - Rochester:

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

WASHINGTON (AP) - 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 says the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from 4.71 percent last week. That's the...

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