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Mortgage Rates at 3-Month Low

Mortgage News > Mortgage Rates at 3-Month Low
Date: 01/28/2020    Mortgage Rates at 3-Month Low

Interest rates on long-term mortgage loans fell to the lowest level in three months last week as a result of spooked investors, according to Freddie Mac. They fled to the safety of bonds as fears about the Corona virus caused financial market distress. The average rate on a 30-year fixed mortgage dropped to 3.60% with an average 0.8 point, down from 3.65% the week before.

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