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Mortgage Rates Stabilize as Market Sentiment Improves

Mortgage News > Mortgage Rates Stabilize as Market Sentiment Improves
Date: 01/07/2020    Mortgage Rates Stabilize as Market Sentiment Improves

The average mortgage rate on a 30-year fixed-rate mortgage slipped just 0.02% this week to 3.72% with an average 0.7 point, according to Freddie Mac, but it has hovered right around 3.7% for the past two months. That stabilization has come as a result of positive economic data and increased confidence among investors and homebuyers. Freddie Mac predicts that low rates and a “red-hot labor market” will continue to push home sales and prices up this year.

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