An impressive improvement was reported for weekly mortgage rates. On a monthly basis, rates on residential loans for U.S. veterans were the lowest.

In June, thirty-year note rates on single-family loans averaged 4.27 percent, according to Ellie Mae Inc.’s June 2017 Origination Insight Report.

Mortgage rates deflated compared to the preceding month, when the average was 4.33 percent. But rates ascended from 3.97 percent the same month last year.

Source: Mortgage Daily