Luring Americans Back Into the Housing Market, Mortgage Rates Slide to 13-Month Low

Posted by Staff Reporter on Mar 22, 2019 04:29 PM EDT
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 Luring Americans Back Into the Housing Market, Mortgage Rates Slide to 13-Month Lowmore big
(Photo : pexels)

Rates for home loans fell, with no bottom in sight as investors increasingly brace for slowing economic growth.

The 30-year fixed-rate mortgage averaged 4.28% in the March 21 week, mortgage guarantor Freddie Mac said Thursday. That was down 3 basis points during the week and a 13-month low for the popular product, which has managed a weekly gain only twice during 2019.

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