U.S. mortgage rates fell for the first time in seven weeks, keeping the average on the 30-year fixed loan at 3.93 percent, the highest since April 2012.

However, rates are expected to surge next week, as markets respond to Chairman Ben Bernanke’s comments that the Federal Reserve will likely reduce its bond purchases later this year.

The rate on the 15-year mortgage fell to 3.04 percent from 3.10 percent. That’s the highest since May 2012.