Mortgage rates rise on inflation fears
Rates on 30-year mortgages edged up slightly last week, reflecting market worries about inflation.
Freddie Mac reported Thursday that 30-year, fixed-rate mortgages rose to 6.33%, up from 6.31% the previous week. Rates have exhibited a seesaw pattern of falling one week and then rising the next week for the past 1 1/2 months.
Analysts attributed the latest increase to the unemployment report two weeks ago, which raised worries in financial markets about inflation pressures coming from a tight labor market with a jobless rate at 4.4%
Freddie Mac reported Thursday that 30-year, fixed-rate mortgages rose to 6.33%, up from 6.31% the previous week. Rates have exhibited a seesaw pattern of falling one week and then rising the next week for the past 1 1/2 months.
Analysts attributed the latest increase to the unemployment report two weeks ago, which raised worries in financial markets about inflation pressures coming from a tight labor market with a jobless rate at 4.4%
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