Mortgage rates reached their highest level last week since a previous recent peak in November as incoming economic data sends more “mixed signals,” according to a report released by the Mortgage Bankers Association (MBA) on Wednesday. The average rate for the benchmark 30-year fixed rate mortgage hit 7.07 last week, up from 6.85 percent the week before, MBA’s data showed. “Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation,” MBA...