On Mar. 21, Freddie Mac’s release of its Primary Mortgage Market Survey® (PMMS®) results shows average fixed mortgage rates reversing course from the previous week and heading lower. As of this week, the 30-year fixed rate has remained below 4 percent for a year.

The results of Freddie Mac’s Primary Mortgage Market Survey(R) (PMMS®), released Mar. 14, show average fixed mortgage rates rising on stronger signs of jobs growth and consumer spending. The 30-year fixed averaged 3.63 percent, its highest reading since the week of August 23, 2012.