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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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.