Mortgage rates inch higher

Mortgage rates are up slightly, with long-term notes lifting off a two-year low from last week.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage inched up to 6.12% from last week's reading of 6.08%. The average rate on a 30-year loan was 7.49% a year ago.

"The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate...