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Week of Jan. 6th- Mortgage Rates End the Year Lower

January 6, 2019

Freddie Mac(OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates continued their downward trend to end the week and the year lower.

Sam Khater, Freddie Mac’s chief economist, says, “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.”  Read more

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