Rising mortgage rates rattling prospective Utah homebuyers

Thousands of Utahns are facing the prospect of mortgage rates rising from their lowest levels in decades after the Federal Reserve said the central bank may trim its program to help the economy by keeping interest rates low. The average rate for 30-year mortgages jumped two weeks ago to the highest level since August 2011 after Fed Chairman Ben Bernanke spoke, raising the possibility that house shoppers who hadn’t locked in all-time low rates had missed the party. “It’s very frustrating. A year ...

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