Rate on 30-year mortgage at 2-year high: 4.51 pct.

The average U.S. rate on the 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. Mortgage buyer Freddie Mac says the average on the 30-year loan jumped from 4.29 percent the previous week. Just two months ago, it was 3.35 percent — barely above the record low of 3.31 percent. The average on the 15-year fixed mortgage rose to 3.53 percent from 3.39 percent last week. That’s ...

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