Housing Takes Another Hit as 30-Year Mortgage Rates Climb Above 5%

by | Feb 11, 2011 | Towing

Mortgage rates on 30-year fixed loans moved above 5% this week, according to a Freddie Mac report, up from 4.81% last week, reaching the highest level since April 2010. The home market is already up against a number of challenges — and now mortgage ra…