Mortgage Rates Drop As Housing Inventory Hits Two-Year Low

Mortgage Rates Drop As Housing Inventory Hits Two-Year Low

Housing inventory has hit a two-year low.
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Mortgage rates dropped to a 13-week low as we entered 2020, but despite the increase in demand it might cause, a huge jump in sales probably isn’t on the horizon.
According to Freddie Mac, the current average rate on a 30-year, fixed-rate mortgage clocks in at just 3.64%—the lowest rate since October. As Freddie Mac’s chief economist Sam Khater…

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