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Jan 2019 interest rates

Jan 2019 mortgage interest rates

The market continues to favor home buyers when it comes to mortgage rates!  We’ve seen the conventional loan interest rates for 30-year loans drop to around 4.375% to 4.5% range and 15-year mortgage rates fall to 4% to 4.125% range on average depending on credit score and lock period (30-45 days from lock to close, longer loan locks will affect interest rate).  FHA and VA programs have seen similar rate improvements compared to where we were the beginning of December.

With home prices showing signs of trending up in 2019 and a pull back on the mortgage interest rate now is a great time to take advantage and lock in on a new purchase.

Before starting the home buying process I would recommend speaking with a local mortgage lender, John Fenech with Guaranteed Rate in St. Pete is a great choice. He can be reached at or 727-409-5646

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