Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

By Samantha Delouya, CNN (CNN) — Homebuyers could soon have to face an unwelcome milestone: a 7% mortgage rate. The average 30-year fixed mortgage rate inched closer to that level this week, climbing to 6.95%, up from 6.76% last week, according to Freddie Mac. It’s the fourth-straight week of rising rates and the largest one-week