Fannie Mae: Rising mortgage rates won’t trip up recovery
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Monday, June 17, 2013
In this article from Inman - The mortgage giant said that increasing mortgage rates are unlikely to trip up the recovery, since affordability remains near historical highs. But in the wake of a leap in mortgage rates from early May to early June, Fannie Mae said it has raised its forecast for year-end rates by half a percentage point to 4.7 percent.
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