The New Normal? Mortgage Rates Sink Again

Mortgage rates again sunk this week after topping out at the end of 2016, with the 30-year fixed-rate mortgage averaging 4.12 percent with an average 0.5 point, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The trend, now in its second week, marks a new normal for rates, which rose above 4 percent in a nine-week streak following the election.
“After absorbing a mixed December jobs report, the 10-year Treasury yield fell eight basis points,” says Se