The Washington Post reports that mortgage rates crept up slightly this past week. Thursday reported an average percentage of 6.17 percent for the week for 30-year mortgages, up slightly from 6.16 the week before. Despite the raise, rates for 30-year fixed-rate mortgages remain close to the low for the year. The stability points towards financial markets trying to decide the direction of the country's inflation and economic growth.
A year ago, mortgage rates were 6.43 percent for 30-year fixed rates.
Read the entire article here.