MORTGAGE RATES: Biggest spike in 4 years!

Rate on 30-year fixed mortgage climbed to to 6.74% in past week, highest level since July 2006.
NEW YORK (CNNMoney.com) -- Mortgage rates made their largest upward movement in nearly 4 years, and the 30-year fixed-rate reached its highest level since July 2006, Freddie Mac said Thursday.
The average rate on 30-year fixed-rate loans climbed to 6.74 percent for the week ending June 14, from 6.53 percent the previous week. That marked the biggest one-week increase since July 2003. Read More...