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Latest Business News: Rate on 30-year Mortgage at 2-year High: 4.51 Pct.

wochit business
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July 11, 2013 AT 10:52 AM
The average U.S. rate on a 30-year fixed mortgage rose this week to 4.51 percent, a two-year high. Rates have been rising on expectations that the Federal Reserve will slow its bond purchases this year.