"According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. fixed mortgage rate was up slightly from last week, but still near three year lows.

Freddie Mac chief economist Sean Becketti says, ""Since jumping 11 basis points on May 18th, the 10-year Treasury yield has leveled-off around 1.85 percent. Mortgage rates continue to adjust to this new level with the 30-year fixed rate inching up another 2 basis points this week to 3.66 percent. Recent statements by the Fed appear to have persuaded the market that a rate hike may come sooner than later."

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