Mortgage rates posted growth this week on renewed inflation fears, according to surveys conducted by Freddie Mac and Bankrate.com.

In Freddie Mac’s survey, the 30-year fixed-rate mortgage rose to an average 6.16 percent from 6.14 percent last week, while the 15-year fixed-rate mortgage gained from 5.88 percent to 5.9 percent. Points, which are fees lenders charge for loan processing expressed as a percent of the loan, averaged 0.4 on the 30- and 15-year loans.

The event, mainly aimed at offering international properties to Indians and attracting investment in the booming real estate industry of India, is designed to be a ‘one stop shop’ for everyone from the world of real estate as it presents a unique combination of exhibition, education, and entertainment. According to the Al Fajer, organizers of the event, more than 15 UAE-based property developers will participate in the ARES 2007, which provides an ideal platform to all participants to showcase and market their properties and services.