From News Services and Staff Reports Saturday, June 7, 2008; Page G02 Rates on 30-year mortgages edged up this week to the highest level since March as investors worried about inflation threats. The mortgage company Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.09 percent, compared with 6.08 percent last week. It was the highest mark for 30-year mortgages in 12 weeks. Analysts cited concerns in financial markets about what the Federal Reserve might do to confront increased inflationary pressures. Federal Reserve Chairman Ben S. Bernanke expressed new concerns this week about inflation, whichthe markets interpreted as a signal the central bank will not cut interest rates further. The Fed cut rates seven times from September through April in an aggressive campaign to keep the economy from sliding...
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