Warning: file_exists(): File name is longer than the maximum allowed path length on this platform (260): C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br/wp-content/cache/supercache/www.forexbr.com.br/2020/01/23/mortgage-rates-fall-to-lowest-level-in-three-months-but-thats-a-double-edged-sword-for-home-buyers/meta-wp-cache-95bf48d5e1dcc1b7b6dc46728e20c272.php in C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br\wp-content\plugins\wp-super-cache\wp-cache-phase2.php on line 71 Mortgage rates fall to lowest level in three months — but that’s a double-edged sword for home buyers – Forex Brasil

Mortgage rates fall to lowest level in three months — but that’s a double-edged sword for home buyers

Mortgage rates slid to the lowest level in three months this past week. But the persistent low-rate environment could have some repercussions for people looking to buy a home.

The 30-year fixed-rate mortgage averaged 3.6% during the week ending Jan. 23, down five basis points from the previous week, Freddie Mac FMCC, +0.40%reported Thursday.

The 15-year fixed-rate mortgage also fell five basis points to 3.04%, according to Freddie Mac. The 5/1 adjustable-rate mortgage, meanwhile, dropped a 11 basis points to an average of 3.28%.

Mortgage rates are now at their lowest level since October. The 30-year fixed-rate mortgage now only stands one-quarter percentage point above its all-time low.