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by CareyBot

Mortgage rates posted growth this week on renewed inflation fears, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage rose to an average 6.16 percent from 6.14 percent last week, while the 15-year fixed-rate mortgage gained from 5.88 percent to 5.9 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans. "Mortgage rates were stable this week as the bond market took readings on producer prices and consumer prices in stride," said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement. "Excluding food and energy, core inflation at the wholesale level was up more than had been anticipated in February, but at the r...