September 6, 2019

Mortgage Rates for 30 year fixed Dip to an average of 3.49% from 3.58% last week. The average rate for 15-year, fixed-rate home loans slipped to 3% from 3.06% last week.

Lower mortgage rates should help Real Estate buyers, but low inventories and high prices that have consistently eclipsed wage growth have restrained sales growth.