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Mortgage rates hit seven-year high, close in on 5%

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The 30-year fixed-rate mortgage rose 11 basis points to 4.94%, due to “strong business activity and growth in employment,” says Freddie Mac’s chief economist.

from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=373682