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U.S. Mortgage Rates Increase as Job Market Improves

U.S. mortgage rates for 30-year loans rose for the first time in four weeks, increasing borrowing costs as job creation bolsters the housing recovery.

The average rate for a 30-year fixed mortgage was 4.15 percent this week, up from 4.12 percent, Freddie Mac said in a statement today. The average 15-year rate climbed 3.24 percent from 3.22 percent, according to the McLean, Virginia-based mortgage-finance company.