The average rate for a conforming 30-year mortgage ticked up to 4.15 percent over the past week and remains 43 basis points below the three-year high rate of 4.58 percent recorded this past August, 36 basis points lower than at the same time last year when rates spiked following comments from the Fed.

The 30-year fixed mortgage rate has averaged 6.67 percent since 1990 and the all-time low of 3.31 percent was recorded in November of 2012.

Freddie Mac is forecasting the 30-year rate will hit “around 4.6 percent” by the end of the year.

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