WASHINGTON (MarketWatch) — Mortgage rates climbed for the second straight week amid anticipation of a Federal Reserve interest rate hike and a strong jobs report, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.98% in the week ending Nov. 12, up from 3.87%. The 15-year fixed-rate mortgage averaged 3.20%, up from 3.09%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03%, up from 2.96%, and the 1-year Treasury-indexed ARM averaged 2.65%, up from 2.62%.
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