US mortgage rates rise above 4%
The average 30-year fixed rate mortgage in the US has risen above 4% for the first time in more than three months.
The average 15 year fix rose to 3.30% from 3.16% last week. Optimism is reported to be rising as employers added an average of 244,600 jobs each month from December.
The US unemployment rate is the lowest level for three years at 8.3%.
March 23, 2012
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