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Fixed-Rate Mortgages Reach 12-Month Low

Posted by GCAR on February 15, 2019
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The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year. While housing activity has clearly softened over the last nine months and the lingering effects of higher rates from last year are still being felt, lower mortgage rates and a strong job market should rekindle demand for the spring homebuying season.

For more on current mortgage rates, click here.