The interest rate for a 30-year, fixed-rate mortgage is expected to hover around 4% during the second half of 2013 after rising 0.5 percentage points in the past several weeks, Freddie Mac said in its latest U.S. Economic and Housing Market Outlook. But don’t expect rising interest rates to stall the nation’s housing recovery just yet. In most housing markets housing remains affordable and it would take a much steeper interest rate hike for potential homeowners to feel the economic pinch of rising rates.
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