BC-US--Mortgage Rates 1s, 0352
Contributed by NAMPA / Associated Press.
US average mortgage rates at 7-year highs; 30-year 4.61 pct.<
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WASHINGTON (AP) - Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season.
The benchmark 30-year rate pushed toward the significant 5 percent level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from 4.55 percent last week. Th ...