Mortgage rates hit nine month low

Financing

Rates for home loans slid again, even as the ongoing government shutdown poses a fresh threat for a wobbly housing market.

The 30-year fixed-rate mortgage averaged 4.45% in the January 10 week, mortgage liquidity provider Freddie Mac said Thursday. That was down 6 basis points and marked the lowest point for the popular product since April. The 30-year-fixed hasn’t risen in over two months.

The 15-year fixed-rate mortgage averaged 3.89%, down from 3.99%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.83%, down 15 basis points.

Fixed-rate mortgages follow the path of the 10-year U.S. Treasury TMUBMUSD10Y, +1.18% note. Investors have snatched up government paper as concerns about trade and economic growth have buffeted the stock market.

Click here for more information: https://www.marketwatch.com/story/mortgage-rates-hit-a-9-month-low-as-government-shutdown-is-already-biting-the-housing-market-2019-01-10