January 9th, 2019 9:56 AM by Jackie A. Graves, President
Today'sMortgageRates FREEHomePurchaseAnalysis FREEHomeRefinanceAnalysis
The new year is kicking off with lower
mortgage rates for home shoppers and people looking to refinance their
mortgages. The benchmark 30-year fixed-rate mortgage dipped to a 4.51 percent
average this week, Freddie Mac reports.
“Low mortgage rates combined with decelerating
home price growth should get prospective home buyers excited to buy,” says Sam
Khater, Freddie Mac’s chief economist. “However, it will be interesting to see
how the recent turmoil in the stock market will affect homebuying activity in
the coming months.”
Freddie Mac reports the following national
averages with mortgage rates for the week ending Jan. 3:
fixed-rate mortgages: averaged 4.51
percent, with an average 0.5 point, falling from last week’s 4.55 percent
average. Last year at this time, 30-year rates averaged 3.95 percent.
fixed-rate mortgages: averaged 3.99
percent, with an average 0.4 point, dropping from last week’s 4.01 percent
average. A year ago, 15-year rates averaged 3.38 percent.
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