Mortgage rates slowed but did not stop their upward march this week.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ticked up to 3.18% with an average 0.7 point. (Points are fees paid to a lender equal to 1% of the loan amount and are in addition to the interest rate.) It was 3.17% a week ago and 3.33% a year ago. The 30-year fixed-rate has risen for seven weeks in a row.