Freddie Mac: Mortgage Rates Jump Above 5%

Mortgage Rates Begin to Creep Up
FNC legal analyst Bob Massi on the affect of higher mortgage rates on housing sales and the state of the housing market in Las Vegas.

Mortgage rates hit 4.56%, record low
Mortgage rates fell to a record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling housing market.

Tax credit fuels surge in April home sales
Homebuyers rushed to take advantage of government incentives and record-low mortgage rates in April, giving the housing market its biggest boost in five months.

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