NEW YORK CITY-Fixed mortgage rates increased for the fourthconsecutive week to reach 4.61%. The increase could hinder thehousing market and slow down refinancings.

According to Freddie Mac, the average rate on a fixed loan for30 years witnessed a dramatic increase when compared to previousweek's rates and represented an even larger increase compared tolast month's rate. This marks the first increase in seven months.For the full story, go to Chicago Sun-Times. News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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