U.S. mortgage rates have climbed to the highest level in almost three months as the Federal Reserve banks ended a program that helped cut borrowing costs for homebuyers.

Rates for 30-year fixed loans rose to 5.08% for the week that ended April 1 from 4.99% the previous week, Freddie Mac said last week. That's the highest rate since the period that ended Jan. 7. The average 15-year rate was 4.39%.

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