Still, sales of existing homes are down 1.8% from the same month a year earlier because of the severity of last year’s slowdown. But 30-year mortgage rates have since tumbled after peaking in early November at roughly 5%, helping sales to recover as that average has fallen to 4.28% this week, according to mortgage buyer Freddie Mac.

Source: Los Angeles Times March 22, 2019 15:33 UTC