Mortgage rates fell in first week of 2018 to 3.95 percent

Posted on Jan 09, 2018 07:50 AM EST
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Mortgage rates fell in first week of 2018 to 3.95 percentmore big
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.

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