Mortgage Rates Decrease Slightly - January 2, 2020

The combination of improved economic data and market sentiment has led to stability in mortgage rates, which have hovered around 3.7% for nearly the last two months.  The stability is welcome news after the interest rate turbulence of the last year, which caused a slowdown in the housing market and other interest rate sensitive sectors.  The low mortgage rate environment combined with the red-hot labor market is setting the stage for a continued rise in home sales and home prices.