Fannie Mae forecasts mortgage rates will rise end of 2013

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In a March 28 forecast, economists at Fannie Mae said they expect rates on 30-year fixed-rate mortgages — which averaged 3.5 percent during January, February and March — to climb to an average of 4.0 percent during the final three months the year. Fannie Mae’s forecast sees rates continuing a gradual rise to an average of 4.5 percent during the fourth quarter of 2013 -

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