U.S. 30, year mortgage rates rose to 6.86%, the highest since mid, February, hindering the spring home buying season. This increase, driven by economic factors and government debt concerns, adds to borrowing costs and slows home sales.

• 30 year rates hit 6.86%, up from 6.81% last week.
• Rising Treasury yields & debt concerns fuel rate hikes.
• Home sales are at a low since April 2009.