Mortgage rates rise to 5.54% for the second straight week

Mortgage rates climbed for the second week in a row.

Average rate on 30-year fixed-rate mortgage rises to 5.54%, mortgage-finance giant Freddie Mac said Thursday. he is up up from 5.51% last week but below 13 year high 5.81% Recorded in June. A year ago, rates were around 2.8%.