U.S. rates take dip this week

U.S. mortgage rates fell this week after an upward move last week, according to Freddie Mac. The 30-year fixed mortgage averaged 4.57 percent for the week ending June 21, down from 4.62 percent the previous week. A year ago, mortgage rates stood at 3.9 percent. Low mortgage rates have helped propel U.S. home sales, as well as the refinance market. “After a sharp run-up in the early part of 2018, rates have stabilized over the last three months, with only a modest uptick since March,” said Sam Khater, Freddie Mac’s chief economist.

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Source: Dayton Business Journal

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