According to Freddie Mac, the average for a 30-year fixed-rate mortgage was 3.64% for the week ended January 9, down from 3.72% the previous week—and 4.45% a year ago.
Sam Khater, Freddie Mac’s chief economist, said in a statement, “The drop in mortgage rates, combined with the strong labor market, should propel a continued rise in homebuyer demand.”
