Mortgage Rates at 4yr highs

Rates on 30-year mortgages rose to the highest level since the spring of 2002.

Freddie Mac, reported Thursday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.80 percent, up from 6.74 percent last week.

The increase pushed 30-year rates to the highest level since they stood at 6.81 percent the week of May 24, 2002."