Even though fixed interest rates on residential loans moved higher this past week, there is a good chance they will be lower in next week’s report.

Average commitment rates on 30-year fixed-rate mortgages were 3.91 percent in Freddie Mac’s Primary Mortgage Market Survey for the week ended June 15.

Long-term rates increased from the preceding week, when the 30-year mortgage was 3.89 percent — the lowest average since the week ended Nov. 10, 2016.

Source: Mortgage Daily