Four weeks into 2019, the 30-year fixed mortgage rate is averaging right around 4.5-percent.
The 15-year adjustable-rate is was also unchanged at 3.88-percent.
According to Freddie Mac, mortgage rates are essentially at the same level as last spring. But a MarketWatch report shows the most recent home sales are roughly half a million lower over the same period.
Last month’s pace of existing-home sales was the worst since November 2015.
Forecasters expect the decline in home sales to moderate, or even reverse over the next couple of months.
When News 2 asked Zillow economists about the trend, they told us they expect Nashville to be one of the hottest housing markets in 2019.