Mortgage rates climbed for the third week in a row, inching closer to 7%.
The 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, up from 6.77% the previous week, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate was 6.50%.
Mortgage rates have been making smaller moves over the past two months, after coming…