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Mortgage Rates in US Rise for Fourth Week, Climbing to 6.54%

  • Average on 30-year mortgage is the highest since early August
  • Borrowing costs are facing more volatility, economist says
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Mortgage rates in the US increased for the fourth week in a row.

The average for a 30-year, fixed loan was 6.54%, up from 6.44% last week, Freddie Mac said in a statement Thursday.