Morning Minute: Mortgage rates climb to highest level in a year

While still low historically, fixed mortgage rates climbed higher this week to the highest levels in a year, Freddie Mac reported today. The 30-year fixed-rate mortgage averaged 3.81 percent while the 15-year fixed-rate averaged 2.98. Read the news release.

More headlines:

Sales of bank-owned homes hit 5-year low – Naperville Sun (via AP)

Researchers say high-speed rail could fuel U.S. real-estate, economic booms – Medill Reports

Cultural values, expectations drive foreign-born homeownership, experts say – Medill Reports

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