Friday, December 4, 2020
APPLY NOW PURCHASE REFINANCE CONSOLIDATE DEBT HOME EQUITY LOAN
 
Unlock the door to your dream home.
You can own your dream home sooner than you thought! Start today by filling out our simple step by step application.
 

Rates Hit Record Low - 10th Time This Year

Mortgage News > Rates Hit Record Low - 10th Time This Year
Date: 10/15/2020    Rates Hit Record Low - 10th Time This Year

Long-term mortgage interest rates fell to their lowest level on record, the 10th time that has occurred in 2020. The average rate on a 30-year fixed rate mortgage fell to 2.81% with 0.6 point, down from 2.87% last week and 3.69% a year ago. “Low mortgage rates have become a regular occurrence in the current environment,” said Sam Khater, Freddie Mac’s Chief Economist. Rates have been on a steady downward slide since the coronavirus pandemic led to shutdowns in March.

back