Mortgage Rates are on the Rise - But Just How Quickly?

Mortgage rates have been on a steady rise recently, but buyers shouldn't panic -- rates are still very low.

The average rate for a 30-year fixed-rate mortgage rose to 4.16%, up from 4.13% last week, according to Freddie Mac. A year ago, rates were sitting around 3.97%.

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What does CNN have to say about the mortgage rate rise?

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