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January 8, 2020

1/8/2020 The Highlight

The housing market is heating up to start the new year.

The 30-year fixed mortgage rate fell this week to 3.69 percent – the lowest level since October. 

Fannie Mae’s Home Purchase Sentiment Index hit an all-time high in 2019, seeing a 16 percent year-over-year increase in the share of consumers believing now is a good time to buy. 

Home prices are also increasing, indicating strength and demand in the market, as prices nationally increased 3.7 percent annually in November, according to CoreLogic.

Here’s your weekly highlight. 

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