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U.S. 30-Year Mortgage Rates Jump to 2017 High Before Fed Meeting

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U.S. mortgage rates rose, sending costs for 30-year home loans to their highest level this year before the Federal Reserve meets to consider an increase in its benchmark interest rate.

The average rate for a 30-year fixed mortgage was 4.21 percent, up from 4.1 percent last week, Freddie Mac said in a statement Thursday. The average 15-year rate climbed to 3.42 percent from 3.32 percent.