Mortgage Rates Fall to 9-Month Lows

    The news continues to improve for homebuyers in 2019! It also gets better for home sellers. Lower mortgage rates means more money available to buy homes. If you have a goal to buy or sell a home in 2019 and have not yet taken the first steps to do so, NOW IS THE TIME! Lock in these great deals while you can.

    The below numbers and graphic are from the National Association of Realtors and Freddie Mac:

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    • 30-year fixed-rate mortgages: averaged 4.45 percent, with an average 0.5 point, falling from last week’s 4.51 percent average. Last year at this time, 30-year rates averaged 3.99 percent.
    • 15-year fixed-rate mortgages: averaged 3.89 percent, with an average 0.4 point, dropping from last week’s 3.99 percent average. A year ago, 15-year rates averaged 3.44 percent.
    • 5-year hybrid adjustable-rate mortgages: averaged 3.83 percent, with an average 0.3 point, dropping from last week’s 3.98 percent average. A year ago, 5-year ARMs averaged 3.46 percent.

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