Although monthly rates on single-family loans were stable, weekly rates turned sharply higher. But next week’s rates might be a little lower.

Fixed interest rates on 30-year conforming residential loans that are utilized to finance a home purchase averaged 4.17 percent during December.

Compared to the previous month, there was no change in conforming rates. But the average was 9 basis points higher than in December 2016.

Source: Mortgage Daily