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Economic Report: Mortgage rates are moving sideways. Will they fall from here?

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A traditional, brick home in Belmont, North Carolina. An American flag hangs from the front porch.

Rates for home loans were mixed, but stayed near recent lows, even as bond market moves suggest another big step down lies ahead.

The 30-year fixed-rate mortgage averaged 3.84% in the June 20 week, up two basis points, Freddie Mac said Thursday. Halfway through 2019, this is only the seventh week in which the popular product has increased.

The 15-year fixed-rate mortgage averaged 3.25%, down from 3.26%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.48%, down three basis points. In the most recent week, according to data from the Mortgage Bankers Association, ARMs made up only 6.1% of all mortgage applications.

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