For the first time in five weeks, mortgage rates have increased, which threatens the housing market recovery.
According to Freddie Mac, 30-year fixed mortgage rate increased to 5.01 percent, from 4.98 percent in the previous week.
A 15-year mortgage rate averaged 4.40 percent.
"The spring will probably look really good," said George Mokrzan, senior economist at Huntington National Bank in Columbus, Ohio. "My concern is more the second half of the year. The tax benefits go away and I think the mortgage rates will probably go up."
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