The 30-year fixed-rate mortgage averaged 3.21% in the week ending June 11, up three basis points from the previous week, according to Freddie Mac. The all-time low was 3.15%, reached in the week ending May 28.
Despite a surprisingly strong jobs report, markets were also weighing news that the U.S. officially entered a recession in February, as well as a Federal Reserve prediction of 9.3% year-end unemployment.