The average interest rate on 30-year fixed mortgages rose sharply this week after falling below 4% for the first time in history.
Freddie Mac said Thursday that the average interest rate on 30-year fixed loans rose to 4.12%. That's up from 3.94% last week, lowest rate ever according to the National Bureau of Economic Research.
Super low rates haven't been enough to lift the housing market, which has struggled with anemic sales and declining home prices.
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