Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. By contrast, the 30-year rate averaged 3.95 percent a year ago. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average rate for five-year adjustable-rate mortgages rose to 3.87 percent from 3.82 percent last week.

Source: ABC News May 24, 2018 14:43 UTC