Mortgage rates jump to their highest level in a year and show few signs of falling

Mortgage rates jumped to a new high for the year, making it even more expensive to take on a home loan.

The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs

The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs