Rates Fall After Weak Employment Report, Might Hold

A disappointing jobs report pulled down interest rates on home loans this past week. Over the upcoming week, rates are unlikely to move much.

The Primary Mortgage Market Survey for the week ended June 8 from Freddie Mac had 30-year fixed rates averaging 3.89 percent.

That was the highest average for long-term rates on residential loans since the week ended Nov. 10, 2016, when the 30 year was reported at 3.57 percent.

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From:: Financing