Posted on
Tuesday, May 22, 2007 4:31 AM
Mortgage rates climbed this week after trending lower recently, Freddie Mac said Thursday, after Federal Reserve said it continues to worry about the threat of inflation.
The average rate on 30-year fixed-rate loans was 6.21 percent for the week ending May 16, up from 6.15 the previous week, the mortgage finance firm said. Last year at this time, 30-year mortgage rates averaged 6.60 percent.
"Mortgage rates inched up this week following the Federal Open Market Committee statement reiterat