---
title: Record Low Mortgage Interest Rates Could Kick-Start Home Sales This Spring
description: Mortgage interest rates have hit a 3-year low, which should increase home sales during the upcoming spring selling season.
---

[Financials | National Investor Network ](https://www.nationalinvestornetwork.com/financials)

# [Record Low Mortgage Interest Rates Could Kick-Start Home Sales This Spring](https://www.nationalinvestornetwork.com/financials/record-low-mortgage-interest-rates-could-kick-start-home-sales-this-spring)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Feb 11, 2020 2:04:36 AM

Mortgage interest rates have hit a [3-year low](https://www.wsj.com/articles/falling-rates-could-boost-mortgages-ahead-of-spring-selling-season-11581157801), which should increase home sales during the upcoming spring selling season. A 30-year fixed mortgage is currently 3.45% and this has boosted sales during December of existing single-family homes by 3.6% vs. the previous month.

According to Doug Duncan, chief economist at Fannie Mae, “It’s very much a historical opportunity for folks who have an existing mortgage to refinance and for credit-qualified people to lock in a low rate.”

[View full post](https://www.nationalinvestornetwork.com/financials/record-low-mortgage-interest-rates-could-kick-start-home-sales-this-spring)

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