Fixed mortgage rates inched up in the week ending Oct. 25 as reported in Freddie Mac's weekly survey.

The 30-year rate rose four basis points to 3.41% and with an average 0.7 point, the no-point rate is 3.59%. Mortgage rates have backed up 23 basis points since hitting a record low of 3.36% in the week ending Oct. 4. Meanwhile, the 15-year fixed rate moved off its record low of 2.66% to 2.72%.

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