Housing

Mortgage rates decrease for a fourth week

The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.

Mortgage rates climb back above 7%

Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.