Freddie Mac has reported the results of its Primary Mortgage Market Survey®. The weekly average rate for new mortgages, as of 9th January 2020 were slightly lower. A 30-year fixed rates dropped 3.64%, from last week’s 3.72%. However, the rate was down when compared to a year ago when they were at 4.45%. The average fee remained unchanged at 0.7 points. The 15-year fixed rates remain unchanged at 3.07%, down from 3.16% last week. The 15-year rates were down from 3.89% from a year ago.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Mortgage Rates Drop as 2020 Gets Underway