According to Freddie Mac, a 30-year, fixed-rate mortgage averaged 5.38 percent last week.
Comparatively, the 30-year rate was 4.82 percent during the week of May 21 and 4.78 the last week in April, the government-run mortgage company reported.
The seemingly inconsequential rise in rates has led to a "screeching halt in activity," locally, said George Matthews, owner of A-1 Mortgage in Annapolis. When rates hovered near 4.7 percent just a few weeks ago, Matthews "didn't...
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