Mortgage rates zoom higher

Mortgage rates zoom higher Mortgage rates rose this week, as the Federal Reserve prepares to whip up a little inflation. The benchmark 30-year fixed-rate mortgage rose 9 basis points this week, to 4.51 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in […]

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