30-year mortgage rates rise above 6%

February 24, 2008

Rates on 30-year mortgages rose to the highest level in seven weeks last week, breaking above the 6 percent level. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.04 percent last week, up from 5.72 percent the week before. That is the highest....

Read complete article