Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade. The average rate on a 30-year mortgage rose to 5.11% from 5% last week, mortgage buyer Freddie Mac reported Thursday, April 21, 2022. AP Photo/Nam Y. Huh, File
By Christopher Rugaber AP Economics Writer WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the…