July 5, 2013
A recent, sharp rise in mortgage-interest rates has raised concerns about whether the housing recovery will soften as home loans become more expensive. Last week, the average rate nationwide for a 30-year mortgage jumped to 4.46 percent from 3.93 percent ? the biggest one-week increase since 1987 and the highest rate since July 2011, according to the Federal Home Loan Mortgage Corp.
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