Interest rates on single-family loans retreated this past week. It’s possible, however, that mortgage rates could bounce back up in the next report.
Fixed interest rates on 30-year mortgages that were used to finance the purchase of single-family residences averaged 4.15 percent in June.
The average, which reflects conforming rates, was worse than the preceding month, with 30-year rates ascending 18 basis points from May.
Source: Mortgage Daily