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Rates Fall to 16th Record Low of 2020

Mortgage News > Rates Fall to 16th Record Low of 2020
Date: 12/29/2020    Rates Fall to 16th Record Low of 2020

Rates on long-term U.S. interest rates dropped to another all-time low last week, the 16th record low of the year, according to Freddie Mac. The average on a 30-year fixed-rate mortgage slipped to 2.66% with an average 0.7 points for the week ended on Christmas Eve, down from 2.67% the week before. Last year at this time, rates were more than a full point higher at 3.74%.

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