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US Mortgage Rates Rise, Hitting Highest Level Since End of June

  • Rates increased to 5.66%, climbing for second week in a row
  • Economist says cooldown in price growth likely to continue
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Mortgage Lenders Are Starting to Go Broke

Mortgage rates in the US climbed for a second week in a move that threatens to further cool the housing market. 

The average for a 30-year loan rose to 5.66%, the highest since the end of June, Freddie Mac said in a statement Thursday.