Mortgage rates climbing again

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Friday, September 6, 2013 - 9:59am

Mortgage rates are climbing again. Interest rates on 30-year, fixed-rate mortgages hit an average of four-point-five-seven percent this week. That's close to the two-year high set in August.

Economists say a stronger economy and concerns about stimulus action by the Federal Reserve are pushing rates higher. Analysts expect home loan rates to hit nearly five percent this fall.

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