Mortgage rates fell last week to the lowest value since the beginning of 2018, reports Freddie Mac.

Study the original of the mortgage market Freddie Mac showed that in fact 30-year mortgage with a fixed rate last week, the average was 4.37%, a decrease compared with percent the previous week. The indicator last week was slightly higher than 4.38% for the same period last year.

“The combination of the freeze of inflation and containment of a massive financial upheaval has led to that the fact that mortgage rates declined to the low values for the year," said key economist of Freddie Mac Sam Hater. “While housing vigour has obviously softened over the past 9 months, and the lingering results are still being felt more than the big rates since last year, more low mortgage rates and a powerful labor market are bound to revive demand for the spring season of apartment acquisitions.”

15-year-old trucks fell to an average of 3.81% from the previous week of 3.91%. 15-year-old FRM at the same time last year was 3.63%.

Five-year hybrid mortgage with an adjustable rate mortgage that is indexed by the Treasury, on average, made up 3.88%, down from 3.91% last week. The rate remains higher than the similar period of 2018, when it averaged 3.63%