Higher mortgage rates could be coming later this year

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The possible increase may boost home buying in the near future

March 26, 2015

An increase in U.S. interest rates could lead to higher mortgage rates later this year. The Federal Reserve, having held the line on low interest rates for years, hinted that an increase could come later in the year.

The Fed’s hint at a future rate increase could boost home buying this spring if consumers rush to lock in low mortgage rates before the Fed takes action.

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