Mortgage Rates in US Increase for First Time in Seven Weeks
- Buyers are encountering more new listings hitting the market
- Borrowing costs are down significantly from earlier this year
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Mortgage rates in the US rose for the first time in seven weeks to the highest level since the middle of September.
The average for a 30-year, fixed loan was 6.12%, up from 6.08% last week, Freddie Mac said in a statement Thursday.