Friday, July 17, 2020 / by Karey Kendrick
Been Paying Attention to Mortgage Rates the Past Month?
If you have been on the fence about making a move, you may want to check out this mornings headlines!
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30-year fixed mortgage rate drops below 3% for first time
Mortgage rates in the U.S. tumbled to historic lows in the week ended July 16.
Wall Street Journal
30-Year Mortgage Rate Reaches Lowest Level Ever: 2.98%
Coronaviras has upended market around the world. Its effect on the 30-year mortgage is especially significant. "
Mortgage Rates Fall Below 3% for the First Time Ever
Mortgage rates fell below 3% for the first time ever as the economy continues to struggle from the effects of the coronavirus pandemic.
The New York Times
Mortgage Rates Drop Below 3% for First Time, Tempting Home Buyers
Thanks to Federal Reserve policy, the average rate on a 30-year fixed mortgage fell to 2.98 percent. That could spur buying and construction.
30-year fixed mortgage rate falls below 3 percent to lowest level in history
The bottom has yet to be reached as mortgage rates achieved a new low for the fourth time in the past five weeks.