Fixed mortgage rates could fall to 3.3 percent by year's end as the nation’s economy slows, according to Lawrence Yun, chief economist of the National Association of REALTORS^®. That would put the rate just a smidge below the 3.31 percent seen in November of  2012 – the lowest average for a 30-year fixed mortgage in Freddie Mac data going back to 1971.

Yun made his comment on Friday after seeing a Labor Department report that showed a weakening jobs market. Get the details.

Source: housingwire.com