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Thinking of borrowing? Low mortgage rates may be poised to rise
Thinking of borrowing? Low mortgage rates may be poised to rise

If you're borrowing to buy a house, there's almost never been a better time to do it. Interest rates on an average 30-year fixed-rate mortgage hit 4.1% this week, a low for the year, according to lending giant Freddie Mac. They've been bouncing in the low 4% range for months, not quite record territory but not far from it. It's helping to ease the pain of home prices that have climbed by one-third in Southern California over the last two years. But at some point — and fairly soon, forecasters say — these cheap money days will end. When they do, the stop-and-start housing recovery could face the kind of hurdle it hasn't seen in a long time. Low...

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