skip to content

Mortgage rates remain stable to start 2020 — that could mean an early start to the spring home-buying season

Improved economic data and market sentiment has contributed to interest-rate stability in recent weeks

Forget April showers and May flowers, January’s low mortgage rates could make for an early start to the spring home-buying season.

Getty Images/iStockphoto

Referenced Symbols

The new decade has kicked off with a fairly stable interest-rate environment for home loans.

The 30-year fixed-rate mortgage averaged 3.72% during the week ending Jan. 2, down two basis points from the previous week, Freddie Mac FMCC, -3.82%, .

7073彩票注册Similarly, the 15-year fixed-rate mortgage fell three basis points to an average of 3.16%, according to Freddie Mac. The 5/1 adjustable-rate mortgage, meanwhile, increased one basis point to an average of 3.46%.

7073彩票注册Overall, mortgage rates started off 2020 roughly 80 basis points lower than they were at the start of 2019. “The stability is welcome news after the interest rate turbulence of the last year, which caused a slowdown in the housing market and other interest rate sensitive sectors,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage rates roughly follow the direction of the 10-year Treasury note TMUBMUSD10Y, 0.691%7073彩票注册 , which fell five basis points Thursday despite stocks setting new records to kick off 2020.

If rates remain around historic lows, then that could mean that spring will come early for the home-buying market. “As mortgage rates remain favorable, buyers are likely to get a head start on the spring shopping season in the first couple months of this year,” said George Ratiu, senior economist at

( is operated by News Corp NWSA, +3.40%7073彩票注册 subsidiary Move Inc., and MarketWatch is a unit of Dow Jones, which is also a News Corp subsidiary.)

Read Next

Read full story

Read Next

Prenatal care is changing with coronavirus — 9 questions answered

7073彩票注册Are pregnant women and their babies at greater risk? What about giving birth?

689彩票邀请码 7072彩票开户 7073彩票注册 963彩票开户 7073彩票网址 7073彩票地址 7073彩票登录 66顺彩票app 8炫彩彩票app 677彩票开户