The average rates on fixed mortgages inched upward last week, but are still below by historical levels, the Associated Press reported.
The average rate on a 30-year mortgage ticked up from 4.31 percent to 4.39 percent last week, the AP said, and rates are 1 percent higher than they were in early May.
The average rate on the 15-year fixed mortgage rose from 3.39 percent to 3.43 percent.
Mortgage rates usually track the yield on the 10-year Treasury note, which has also increased on speculation that the U.S. Federal Reserve Bank could slow its economic stimulus program, according to the AP.
