Mortgage rates near 2016 lows again

After climbing for the last three consecutive weeks, mortgage rates reversed course this week, falling back near the lowest averages of the year. Mortgage rates had moved up 7 basis points over the past three weeks. However, most of those gains were erased this week, as the 30-year fixed-rate mortgage fell 5 basis points to 3.43 percent, according to Freddie Mac. Click here to read the entire Freddie Mac press release.