Mortgage rates stable

Inflation stays in check as economy improves

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Mortgage rates were little changed this week on news that the economy improved and inflation remained in check at the end of 2010, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

The economy grew at an annual rate of 3.2 percent during the fourth quarter, up from 2.6 percent in the third quarter, Freddie Mac Chief Economist Frank Nothaft said, while the core price index for consumer expenditures rose by an annualized rate of 0.4 percent — the smallest increase since records began in 1959.