Why you shouldn't panic about rising mortgage rates

Fed shows confidence in U.S. economy with rate hike

Mortgage rates have been on a steady rise recently, but buyers shouldn’t panic — rates are still very low.

The average rate for a 30-year fixed-rate mortgage rose to 4.16%, up from 4.13% last week, according to Freddie Mac. A year ago, rates were sitting around 3.97%.

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Personal finance news – CNNMoney.com

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