Mortgage rates rise to highest level since mid-February

Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.86% from last week's reading of 6.81%. It marked the highest level since Feb. 13, when the rate on a 30-year mortgage averaged 6.87%.

The average rate on a 30-year loan was 6.94% a year ago.

WHEN LEAVING THE HOUSE TO YOUR...