Mortgage rates dip to 3.13% ending rare 7-week jump

Mortgage rates dipped in the past week, ending a seven-week upswing that ranks among the past half-century’s longest hikes.
Mortgage buyer Freddie Mac says its widely-watched 30-year loan rate dipped to an average 3.13% this week from 3.18% last week. The previous seven weeks of hikes pushed rates up 0.45 percentage points from 2.73% on Feb. 11. It’s part of a bounce up from a record low 2.65% set Jan. 7.
My trusty spreadsheet, reviewing weekly data back to 1971, put the seven-week s