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America Breaking News: Rise in Mortgage Rates Cut Into Homebuyer Demand Last Week

Wochit 0:44 mins

Expectations the Federal Reserve will slow its economic stimulus program by the end of the year continued to push mortgage rates higher last week, sapping demand from potential homebuyers U.S. stock futures are sliding along with global markets as hotspots in Europe and the Middle East overshadow what are expected to be positive economic signs at home. The pace of growth in the services sector slowed in June to its weakest level in over three years as new orders nearly stalled, though a jump in employment provided an encouraging sign for the labor market.

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