Several macroeconomic factors have impacted, and will continue to impact, mortgage rates. Most recently, rates turned lower ahead of the jobs report.

Fixed interest rates on 30-year single-family loans averaged 3.95 percent in the week ended Jan. 4, according to Freddie Mac’s Primary Mortgage Market Survey.

Long-term mortgage rates retreated from 3.99 percent in the preceding seven-day period and 4.20 percent in the same seven days last year.

Source: Mortgage Daily