WASHINGTON, Aug. 16 (UPI) -- Fixed mortgage rates on long-term loans in the United States rose for the third consecutive week, the Federal Home Loan Mortgage Corp. said Thursday.
After months of setting or flirting with record lows, "the latest economic indicators point toward low inflation but gradually stronger economic activity which placed further upward pressure on long-term Treasury yields and, in turn, fixed mortgage rates," said Freddie Mac Chief Economist and Vice President Freddie Nothaft.