U.S. 30-Year Mortgage Rates Rise to a Six-Month High
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U.S. mortgage rates for 30-year loans rose to a six-month high after stronger-than-expected employment growth drove up yields for the government securities that guide home loans.
The average rate for a 30-year fixed mortgage was 3.63 percent in the week ended today, up from 3.52 percent and the highest level since late August, McLean, Virginia-based Freddie Mac said in a statement. The average 15-year rate climbed to 2.79 percent from 2.76 percent.