Mortgage rates rose for the first time in more than a month this week amid changing market expectations, according to data released Thursday by Freddie Mac. The benchmark 30-year fixed rate mortgage increased to 6.39 percent from 6.27 percent a week ago, the data showed. At the same time a year ago, the average 30-year fixed rate mortgage stood at 5.11 percent. Rising rates could weaken demand for housing further, exacerbating a drop in existing home sales revealed in private sector data released Thursday. Existing home sales, which include transactions for single-family homes, townhomes, condominiums and co-ops, dipped by 2.4 percent last month to an annual rate of 4.4 millio
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