News roundup: U.S. rate on mortgages rise from recent record low … Clearances lured shoppers to spend more in July … Online and outspoken: China’s microblog craze


    A matter of interest: The average U.S. rate on the 30-year fixed mortgage has risen this week after falling to new record lows in each of the past 13 weeks. Mortgage buyer Freddie Mac reports the rate…

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