As we rang in 2020 mortgage rates made another drop.  2020 starts off with a 30-year fixed-rate mortgage at average of 3.72% compared to about 4.51% in January of 2019.

The last couple of months have seen stable mortgage rates hovering around the 3.7% mark.

Sam Khater, Freddie Mac Chief Economist says, “The stability is welcome news after the interest rate turbulence of the last year, which caused a slowdown in the housing market and other interest rate-sensitive sectors.”

Hat tip to Realtor® Magazine

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