Rates for home loans ticked up slightly, but look set to fall in the coming weeks

💡DID YOU KNOW? Rates for home loans ticked up slightly, but look set to fall in the coming weeks as investors gird for a slower-growth economy. The 30-year fixed-rate mortgage averaged 4.46% in the January 31 week, up just one basis point compared to the prior week, and marked the first time in 2019 that the popular product had charted an increase. The 15-year fixed-rate mortgage averaged 3.89%, also up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.96%, up from 3.90%.

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DID YOU KNOW? Existing-home sales ran at a 4.94 million seasonally-adjusted annual rate in January

💡 DID YOU KNOW? Existing-home sales ran at a 4.94 million seasonally-adjusted annual rate in January, lower - by 1.2% - than the 3-year low...