Mortgage rates have either fallen or remained flat for five consecutive weeks and those seeking mortgages are responding with an uptick in demand given these lower rates. The 30-year fixed-rate mortgage averaged 4.63 percent with an average 0.50 point fee for the week ending December 13, 2018, down from last week when it averaged 4.94 percent. The combination of a low unemployment rate and the recent downdraft in rates should support home sales heading into the early winter months. A year ago at this time, the 30-year fixed-rate mortgage averaged 3.93 percent.
Mortgage Rates Have Fallen
Posted on December 15, 2018 at 12:44 pm Robert Stiles