Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac released Thursday. It might be time for revisit the idea of buying a home! Let me know if you’d like to schedule a tour of the homes you might be interested!
A 30-year fixed-rate mortgage averaged 4.55 percent for the week ending December 27, 2018, down from last week when it averaged 4.62 percent. It’s still more than half a percentage point above last year’s 3.99 percent at the end of December.
A 15-year fixed-rate mortgage averaged 4.01 percent, down from last week’s 4.07 percent and up from last year’s 3.44 percent over the same period. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4 percent, up from last week’s 3.98 percent and up from last year’s 3.47 percent.