Home prices up 15 4% in January from a year ago
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Home prices up 15 4% in January from a year ago
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Monday s Best Mortgage Rates: Dec. 28 Money.com 12/28/2020 © Money; Getty Images Mortgage-Rate-Dec-23-illo
Existing home sales decreased in November, breaking a trend of 5 consecutive months of gains. However, sales remain well above 2019 levels. Home prices are still climbing while inventory reached a new low last month. The sale of new single-family homes was also down.
Meanwhile, mortgage rates were down by 0.62 percentage points.
Today’s Mortgage Rates
The average rate for a 30-year fixed-rate purchase mortgage was 3.049% on Thursday, the most recent data available. On Wednesday, the average rate was 3.11%.
Money’s mortgage rates include the data from over 8,000 lenders across the United States. These rates include discount points and represent what a borrower with a 20% down payment and a 700 credit score roughly the national average FICO score would have been quoted.