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Slowly rising rates shouldn’t hurt housing market
NICHOLAS KAMM/AFP/Getty Images
New data out this week show the average 30-year fixed mortgage at 4.16 percent. That’s a 2016 high, and is set to keep rising with the Fed promising more interest rate hikes. That means home buying is getting more expensive just ahead of the important spring selling season. But the economy is strengthening overall, which should be good for the housing market.
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