home mortgages: Lowest Mortgage Rates In History - 09/11/20 05:24 PM
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers 31 Jul 2020  by Jordan Terry In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain?
While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always been so low. Freddie Mac began tracking 30-year mortgage rates in 1971. At that time, the national average was 7.31%.2 As the rate of inflation started to rise in the mid-1970s, mortgage rates … (1 comments)

 

Peter Nielsen

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