Mortgage rates dipped this week after a crummy employment report raised questions about the economy’s strength. Home buyers, lenders and those who need to refinance all welcomed the lower rates, but these lower rates may not last.
The 30-year fixed-rate mortgage fell to 4.57 percent from 4.64 percent the
previous week. According to Bankrate.com, one year ago, that rate stood at 3.6 percent. Four weeks ago, it was 4.58 percent.