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by CareyBot

Mortgage rates inched higher for the third consecutive week, according to surveys conducted this week by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 6.24 percent for the week ended today, up from last week's average of 6.23 percent. The average for the 15-year fixed-rate mortgage is 5.83 percent, up from last week's average of 5.81 percent. Points on both the 30- and 15-year averaged 0.6. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.89 percent this week, with an average 0.7 point, up from last week when it averaged 5.87 percent. The one-year Treasury-indexed ARM averaged 5.34 percent, with an average 0.7 point, up from last week when it averaged 5.33 percent. "With no big economic news to influence the direct...