Loading Video…
This browser does not support the Video element.
Mortgage rates hit highest level in 20 years
The average long-term U.S. mortgage rate jumped to %7.09%, its highest level since April of 2002, according to Freddie Mac. One year ago, the rate averaged 5.13%. LiveNOW's Andrew Craft spoke about mortgage rates with Uri Man, CEO of Lagoon Management. More LiveNOW from FOX streaming video