U.S. mortgage rates hit a two-year high last week, driven up by speculation that the Federal Reserve will slow its bond purchases later this year. The Fed has been buying $85 billion in bonds every month to hold down interest rates and encourage lending.
Mortgage buyer Freddie Mac said the average rate on the 30-year loan jumped to 4.58 percent. Where do you think mortgage rates are headed? Vote and leave a comment; results and a selection of comments will be published in next Sunday's business section.