Home mortgage rates are on the rise - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Home mortgage rates are on the rise

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Eau Claire (WQOW) - Mortgage rates are climbing again. Interest rates on 30 year, fixed-rate mortgages hit an average of 4.57 percent this week. That's close to the two year high set in August.

Economists say a stronger economy and concerns about stimulus action by the federal reserve are pushing rates higher.

Analysts expect home loan rates to hit nearly 5 percent this fall.


 

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