There was little movement in fixed rates on residential loans during the past week, and the outlook is for a nice improvement over the next seven days.

On conforming purchase-money mortgages, 30-year fixed rates averaged 3.80 percent in November, the Federal Housing Finance Agency reported.

Thirty-year rates worsened 4 basis points from a month earlier. FHFA’s survey reflects rates on 4,344 loans closed in the last five days of last month.

Source: Mortgage Daily