Mortgage Rates End Year Lower

Rates continued their two-month slide and are currently hovering around the same level as the early summer, which was before the deterioration in home sales. The negative headlines around the financial markets are concerning but the economy remains healthy, so the drop in mortgage rates should stem or even reverse the slide in home sales that occurred during the second half of 2018.

Past week:  30-Yr Fixed Rate Mortgage 4.55%   15-Yr Fixed Rate Mortgage  4.01%