Long-term rates on single-family loans remained at a 10-month low this past week, and the outlook is for an increase during the upcoming week and each of the next five quarters.

At 3.78 percent in Freddie Mac’s Primary Mortgage Market Survey for the week ended Sept. 14, thirty-year fixed rates remained at the lowest they’ve been since the week ended Nov. 10, 2016.

Although long-term mortgages rates didn’t change from the preceding seven-day period, they were higher than 3.50 percent during the same seven days last year.

Source: Mortgage Daily