Freddie Mac data released Thursday shows mortgage rates dipped slightly. But what’s in store for homebuyers in the next month — and year?

That's still kind of a weird flex: Mortgage rates dropped that low because of emergency actions taken by the Federal Reserve to forestall economic damage from the pandemic. Sure, it was less costly to purchase a home, but those low mortgage rates came at a high price.

Rates for new 30-year loans moved lower again Thursday, dropping to their cheapest level since mid-March. Rates fell for many other loan types as well.