Mortgage Rates Climb to Highest Levels in 7 Years in U.S.

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U.S. mortgage rates rose this week to their highest level in seven year, according to Freddie Mac. The 30-year fixed mortgage averaged 4.61 percent for the week ending May 17, up from 4.55 percent.

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Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. Costs for would-be homebuyers continue to climb.

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According to Freddie Mac’s latest Primary Mortgage Market Survey, U.S. mortgage rates moved up over the past week to their highest level since May 5, 2011. Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed-rate mortgage rose six basis points to 4.66 percent. "Mortgage rates so far in.

US mortgage rates up; 30-year at 7-year high 4.72 percent. – Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. US mortgage rates up; 30-year at 7-year high 4.72.

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Bankrate’s rate table compares current home mortgage & refinance rates. Compare lender APR’s and find ARM or fixed rate mortgages & more.

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In fact, rates reversed course and are the highest level seen since 2011. As for the specifics, the 30-year fixed-rate mortgage increased to 4.61% for the week ended May 17, up from 4.55% last.