Interest rates on residential loans fell to a new low for this year, and it’s quite possible they could be much lower in next week’s report.

Freddie Mac reported that 30-year fixed rates averaged 4.08 percent in its Primary Mortgage Market Survey for the week ended April 13.

That turned out to be the lowest weekly average since the week ended Dec. 1, 2016, when the 30 year also averaged 4.08 percent.

Source: Mortgage Daily