Mortgage rates fell in first week of 2018 to 3.95 percent
U.S. mortgage rates reversed course this week, according to Freddie Mac.
The 30-year fixed mortgage averaged 3.95 percent for the week ending Jan. 4, down from 3.99 percent the previous week. A year ago, mortgage rates stood at 4.2 percent.
Favorable mortgage rates have helped drive U.S. home sales, as well as the refinance market.