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Finance Latest News: Mortgage Rates Rise to the Highest Level in Nearly 2 Years

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July 11, 2013 AT 10:53 AM
According to mortgage financing company Freddie Mac, the 30-year mortgage rate rose to its highest level in nearly two years. After a slight pause, Freddie Mac said rates climbed just over two tenths of a percentage point to 4.51% for a 30-year, fixed-rate loan, the highest it has been since the week of July 28, 2011.