Helped by a strong jobs report, mortgage rates ticked up last week, according to Lorraine Woellert of Redfin.

The average cost of a 30-year, fixed-rate home loan was 3.68%, up from 3.64% a week ago. At this time last year, the average rate was 3.86%, according to Freddie Mac.

Although the Federal Reserve raised its own short-term interest rates in December, which many worried would cause mortgage rates to follow, mortgages have been trending cheaper all year.

In fact, mortgage rates may go lower. Typically, mortgages track the path set by 10-year Treasury bonds, which have plummeted as a result of global economic and financial volatility.

Treasuries have fallen so fast that they’ve left mortgage rates in the dust, a hint that home loans might still have farther to fall.

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