Mortgage Interest Rates Hit Record Low For The 10th Time This Year, Pushing Home Sales Price Higher
This year’s steady decline in mortgage interest rates has taken another step down the ladder over the past week. Rates have dropped all the way to 2.81% , down from 2.87% last week and down from the previous record low of 2.86% in September, according to the Freddie Mac weekly mortgage survey. Those numbers reflect a typical 30-year fixed rate mortgage with 20% down. For a 15-year loan the rates have reached 2.35%.
Original Article Source Credits: Forbes , https://www.forbes.com/
Article Written By: Amy Dobson
Original Article Posted on: Oct 15, 2020
Link to Original Article: https://www.forbes.com/sites/amydobson/2020/10/15/mortgage-interest-rates-hit-record-low-for-the-10th-time-this-year-leading-to-increases-in-home-sales-price/#3ceb6ca02f0a