Is the Obama administration failing the housing market? Maybe.
The benchmark conforming 30-year fixed mortgage rate dipped slightly from 4.24 percent to 4.23 percent, according to Bankrate.com’s weekly national survey.
Rates on 30-year mortgages climbed for the second straight week, but remain near the lowest level in decades.
Mortgage rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home.