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U.S. mortgage rates hover near historic low mark

bizjournals Monday, 12 October 2020 ()
U.S. mortgage rates remained steady this week at unprecedented levels, according to Freddie Mac. The 30-year fixed mortgage rate averaged 2.87 percent for the week ending Oct. 8 — down slightly from 2.88 percent last week.  The record-low rate of 2.86 percent hit in early September, which marked the lowest since tracking began in 1971. A year ago, mortgage rates stood at 3.57 percent. Low mortgage rates help propel U.S. home sales and the refinance market. “The year-long slide in mortgage…
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U.S. mortgage rates nudge down near historic low mark

U.S. mortgage rates nudged down and remain at unprecedented levels, according to Freddie Mac. The 30-year fixed mortgage rate averaged 2.88 percent for the week...
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