Mortgage rates have maintained a decline in the US.
The fixed rate was down from 6.48 per cent to 6.33 per cent.
However, the market remains hypersensitive as the demand for purchase is high.
New data revealed today that prices were moderate throughout the month of December, which is favourable for people who are looking for lower and more stable mortgage rates.
The Mortgage Bankers Association expects mortgage rates to move lower over the course of the year, which should bring homebuyers back into the market.
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