US mortgage rates hit highest level in nearly nine months, raising borrowing costs for home buyers & more related News Here
The average long-term U.S. mortgage rate reached its highest level in nearly nine months this week, raising the cost of borrowing for home buyers during what is traditionally the busiest season for the housing market, the AP reports.The average rate on a 30-year fixed mortgage rose to 6.51 percent from 6.36 percent last week, according…