U.S. mortgage rates rose this week after dipping recently, according to Freddie Mac.
The 30-year fixed mortgage averaged 4.62 percent for the week ending June 14, up from 4.54 percent the previous week. A year ago, mortgage rates stood at 3.91 percent.
Favorable mortgage rates have helped drive U.S. home sales and the refinance market.
“The 30-year fixed-rate mortgage climbed eight basis points to 4.62 percent, and the Federal Reserve Board on Wednesday raised the federal funds rate by 25 basis…
