Prospective home loan borrowers got a break on rates this past week. Odds are rates will stay down or dip a little further in the next report.
In Freddie Mac’s Primary Mortgage Market Survey for the week that ended on March 23, thirty-year fixed rates averaged 4.23 percent.
That was 7 basis points lower than in the previous survey. But the 30 year still stands well above 3.71 percent as of the same week last year.
Source: Mortgage Daily