Fixed mortgage rates rose this week on economic reports that were better than what forecasts had expected, according to Frank Nothaft, Freddie Mac's chief economist.

"The economy slowed by 3.8% in the fourth quarter of 2008, less than the market consensus, with inflationary pressures held at bay. Meanwhile, personal incomes fell by only half as much as some market forecasters predicted," Mr. Nothaft said Thursday in a press release.

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