There was a nice decline in average rates for residential loans this past week. But one forecast has fixed rates giving back all the improvement over the next week.
At 4.40 percent, prospective mortgage borrowers were treated to 30-year fixed rates that were 4 basis points less than in the previous seven-day period.
That is according to the Primary Mortgage Market Survey for the week ended April 5 from Freddie Mac, which had the thirty year 30 BPS higher than the same seven days in 2017.
Source: Mortgage Daily