Long-term rates on new single-family loans moved higher over the past week. But no changes are likely in the report seven days from now.
For the week ended May 11, thirty-year fixed rates averaged 4.05 percent in the Primary Mortgage Market Survey from Freddie Mac.
The 30 year ascended 3 basis points compared to the preceding week. A 48-basis-point increase was recorded versus a year previous.
Source: Mortgage Daily