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Frank Nothaft

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Fixed Mortgage Rates Rise Only Slightly 

Jun 26, 2008By

The Federal Reserve isn’t the only financial entity in a holding pattern, as mortgage rates sat tight for the most part this week amid speculation over the role inflation will play in coming month. According to Freddie Mac’s [stock FRE][/stock] weekly primary mortgage market survey, released Thursday morning, average rates on a 30-year fixed-rate mortgage were at 6.45 percent with an average 0.6 point for the week ending June 26, 2008. That’s up slighly from one week earlier, when rates averaged 6.42 percent, and the highest since late August of last year.

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