Rates Low: Spring Real Estate Market Starts Early
The new decade has kicked off with a fairly stable interest-rate environment for home loans.
The 30-year fixed-rate mortgage averaged 3.72% during the week ending Jan. 2, down two basis points from the previous week, Freddie Mac FMCC, -1.92%, reported Thursday.
Similarly, the 15-year fixed-rate mortgage fell three basis points to an average of 3.16%, according to Freddie Mac. The 5/1 adjustable-rate mortgage, meanwhile, increased one basis point to an average of 3.46%.
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