30-year mortgage rate falls for first time since presidential election

Starts 2017 off lower

By Brenna Swanson | HousingWire

After rising nine-weeks straight, mortgage rates finally recorded a decrease for the first time since the election, welcoming the year on a lower note, the latest Freddie Mac Primary Mortgage Market Survey posted.

Sean Becketti, chief economist with Freddie Mac, stated that this marks the first time since 2014 that mortgage rates opened the year above 4%.

In the two weeks after the election, the 30-year mortgage rate jumped 40 basis points, surging to to 3.94%.

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January 5, 2017

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