US Mortgage Rates Tick Up as Fed Signals Its Fight’s Not Over

Mortgage rates in the US inched higher amid signals that the Federal Reserve is likely to keep its policy steady for some time.

The average for a 30-year, fixed loan was 6.64%, up from 6.63% last week, Freddie Mac said in a statement Thursday.

Borrowing costs have been hovering close to 6.6% after falling from a peak of 7.79% in late October. That decline has pushed more buyers into the market, with a gauge of US existing-home contracts rebounding sharply in December and a measure of mortgage applications ticking up in recent weeks.