Average long-term US mortgage rate surged to nearly 7% this week to highest level since November
By: LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale.Mortgage buyer Freddie Mac said Thursday that the average rate on the…