What's Keeping Mortgage Rates Low ?

Glimmers of hope in the housing market suggest a turnaround is at hand, with statistics showing stabilizing home prices and an increasing number of home sales.
Yet even as housing conditions improve, mortgage interest rates remain near record-low levels.
Rates on a 30-year fixed-rate mortgage averaged 3.71% for the week ended June 14, according to Freddie Mac's weekly survey of conforming rates. Prior to that week, rates had broken record lows for six weeks straight.

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