Freddie Mac: Mortgage rates tick up slightly to 3.58%

Although the average U.S. rate for a 30-year fixed mortgage slightly rose this week, the rate still managed to hover near last week’s 3-year low, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the nation’s low mortgage rates and strong labor market are likely to support housing market activity in the months to come.