Mortgage Rates in US Rise for Second Straight Week, Hitting 6.9%
- Average rate on 30-year, fixed loan is highest in three weeks
- Economist points to US downgrade pushing rates higher
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Mortgage rates in the US climbed for the second week in a row, hitting the highest level in three weeks.
The average for a 30-year, fixed loan rose to 6.9% from 6.81% last week, Freddie Mac said in a statement Thursday.