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Record Low Rates Forcast Through 2021

Mortgage News > Record Low Rates Forcast Through 2021
Date: 06/16/2020    Record Low Rates Forcast Through 2021

Mortgage interest rates will fall to new records lows through 2021, according to a new forecast from Fannie Mae. As the economy recovers from the coronavirus shutdowns, Fannie expects the Federal Reserve to keep its rate at rock bottom, which will help keep mortgage rates low. Fannie predicts that the average rate for 2020 will be 3.2% and 2.9% in 2021. That intensely low rate climate will likely boost housing and refinance demand for the next several years.

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