Surprise!! Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.
“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent.
Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”
Read more here: Triangle Property Lines by Elizabeth Scott