Mortgage rates dip back down to near 3-year lows

Mortgage rates dipped slightly lower this week, weathering volatility in bond markets. While bond yields sagged early in the week, Wednesday's surprising jobs report sent yields soaring. The news was digested quickly by the Treasury market, and a recovery to previously low levels took just a day. According to Freddie Mac, the average 30-year fixed rate this week was 6.09%, down from 6.11% the previous week. The 52-week low is 6.06%. Meanwhile, the 15-year fixed averaged 5.44%, down from 5.50%. “Bolstered ...