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U.S. Mortgage Rates Rise for a Second Week

Mortgage rates in the U.S. rose for a second week, extending an increase in borrowing costs from an eight-month low.

The average rate for a 30-year fixed mortgage was 4.2 percent this week, up from 4.14 percent, Freddie Mac said in a statement today. The average 15-year rate climbed to 3.31 percent from 3.23 percent, according to the the McLean, Virginia-based mortgage-finance company.