Interest rates on single-family loans turned sharply higher this past week as the Federal Reserve raised rates. But at least one forecast has a slight dip in the week ahead.

Thirty-year fixed rates on residential loans averaged 4.62 percent in the week ended June 14, according to Freddie Mac’s Primary Mortgage Market Survey.

Compared to the preceding seven-day period, the 30 year was 8 basis points worse. The average has soared 71 BPS since the same-seven days last year.

Source: Mortgage Daily