Key Highlights

  • Average rate for 30-year fixed-rate mortgage hit 2.65% for week ending January 7
  • This 2.65% rate is lowest rate number ever recorded by Freddie Mac
  • Simultaneously, housing affordability continued to decrease

The new year has brought the same old story to mortgage rates…rates hit a new record low of 2.65% for a 30-year fixed rate mortgage during the week ending January 7. This is the lowest mortgage rate number ever recorded, according to Freddie Mac.

Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.

Sam Khater, chief economist with Freddie Mac, Said, “A new year, a new record low mortgage rate. Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices.”

Though mortgage rates hit this record low at the end of the new year’s first week, Khater continues to believe mortgage rates will begin climbing in 2021 due to the COVID vaccine and improving jobs and economic markets. Khater said, “The combination of rising mortgage rates and increasing home prices will accelerate the decline in affordability and further squeeze potential home buyers during the spring home sales season.”

Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045.

The 15-year fixed-rate mortgage averaged 2.16% during the same week. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.75% also during the week ending January 7. The unadjusted purchase index dropped -30% compared with two weeks prior but +3% y/y, according to the Mortgage Bankers Association.


Thanks to InmanNews, Freddie Mac and Mortgage Bankers Association.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.

YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

Claim Your FREE Real Estate Treasure Map!