Freddie Mac reported in its survey for the week ended March 31 a 5-basis-point weekly rise in the average 30-year fixed-rate mortgage. The increase could have been worse if it were not for benign inflation reports, according to Freddie’s chief economist, Frank Nothaft. The yield on the 10-year Treasury was also moderately over the past week, suggesting mortgage rates could be not much different in next week’s reports.

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