Mortgage Rates Fall to a Record Low Rate for 8th Time in 2020
Mortgage Rates Fall to a
Record Low Rate for 8th Time in 2020 The average interest rate for a
30-year fixed-rate mortgage fell
to 2.88 percent last week. Just a year ago, the rate
for the same mortgage
averaged 3.6 percent. For a 15-year fixed-rate mortgage,
the average rate fell to
2.44 percent last week. Rates were pushed lower by
unprecedented national unemployment,
as well as a delay in a new stimulus package. Though interest rates
have fallen to record lows,
homebuyers are struggling to find
homes on the market. George Ratiu, via
MarketWatch George Ratiu, via
Market Watch
Record Low Rate for 8th Time in 2020 The average interest rate for a
30-year fixed-rate mortgage fell
to 2.88 percent last week. Just a year ago, the rate
for the same mortgage
averaged 3.6 percent. For a 15-year fixed-rate mortgage,
the average rate fell to
2.44 percent last week. Rates were pushed lower by
unprecedented national unemployment,
as well as a delay in a new stimulus package. Though interest rates
have fallen to record lows,
homebuyers are struggling to find
homes on the market. George Ratiu, via
MarketWatch George Ratiu, via
Market Watch
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