Almost one year ago Mark Palim, Fannie Mae's Vice President of Applied Economic and Housing Research, analyzed what impact rising rates might have on the housing recovery. When he wrote about this for the company's website last July, rates which had recently (in May) bottomed out at 3.35 percent had increased by 116 basis points to 4.51 percent.
Read more...http://www.mortgagenewsdaily.com/06232014_mortgage_rates.asp
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