Interest rates on residential loans were solidly lower over the past seven days. Rates are likely to refrain from moving much over the next seven days.
In Freddie Mac’s Primary Mortgage Market Survey for the week that concluded on May 25, thirty-year fixed rates averaged 3.95 percent.
That was the lowest level for the 30 year this year and the lowest since the week ended Nov. 17, 2016, when 30-year rates averaged 3.94 percent.
Source: Mortgage Daily