Rates for home loans ticked up slightly but look like they could fall in the coming weeks so investors are preparing for a slower-growth economy.

The 30-year fixed-rate mortgage averaged 4.46% for the end of January, said Freddie Mac. That was the first time in 2019 that AskTheContractors.com has seen the popular product increase.

The 15-year fixed-rate mortgage averaged 3.89%, also up.

This is in the wake of the Federal Reserve’s recent decision to stand pat on interest rate increases.

That’s certainly a boon for house-hunters. Yet the same housing headwinds that battered the market in 2018 remain. The limited supply of properties are affecting prices demanded by most Americans.

Show Prep Source: http://www.freddiemac.com/pmms/index.html?intcmp=CWS-HP

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