Mortgage Rates Hit Another All-Time Low

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“Mortgage rates have slipped even deeper into record territory and may fall more, possibly even under 3%, before the year’s end as the economy navigates the effects of the coronavirus.

The average 30-year fixed-rate mortgage fell to a record low of 3.07% this past week, according to Freddie Mac. That’s the lowest level in the nearly 50 years of the mortgage giant’s survey. The 15-year fixed-rate mortgage dropped to 2.56%.”

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