Freddie Mac reported 30-year mortgage rates held unchanged at a record low 3.66% for the week ending June 29.

Refinance activity is not likely to be responsive as rates set or have held successive record lows for eight of the last nine weeks. This is demonstrated by the Mortgage Bankers Association's (MBA) Conventional Refinance Index, which slipped 2.8% for the week ending June 22 to 4586 after a nearly 16% decline in the prior week.

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