Mortgage rates fell in first week of 2018 to 3.95 percent

U.S. mortgage rates reversed course this week, according to Freddie Mac.

The 30-year fixed mortgage averaged 3.95 percent for the week ending Jan. 4, down from 3.99 percent the previous week. A year ago, mortgage rates stood at 4.2 percent.

Favorable mortgage rates have helped drive U.S. home sales, as well as the refinance market.

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