Mortgage rates rise over 7% for first time this year: Freddie Mac

McLEAN, Virginia: This week, Freddie Mac reported that U.S. mortgage rates increased by the highest level since June and rose over the seven percent threshold for the first time since December.

The report added that the average rate on a 30-year fixed-rate mortgage rose to 7.10 percent for the week ended April 18 from 6.88 percent the previous week.

The 22-basis point increase was the largest in some ten