U.S. 30, 15-year mortgage rates up for 7th week

U.S. interest rates on 30- and 15-year mortgages rose for the seventh consecutive week as inflation pushed home borrowing costs higher, according to a report issued on Thursday by mortgage finance company Freddie Mac.

U.S. 30-year mortgage rates rose to an average of 6.04 percent in the week ended March 31 from 6.01 percent a week earlier. Last week, 30-year mortgages topped 6 percent for the first time since July 2004.

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