Day: March 10, 2020

mortgage rates are low

What Low Mortgage Rates Mean for Borrowers

Mortgage rates this low have not been seen in almost 50 years, prompting both sellers and buyers to take advantage of record-level savings on their mortgage. According to Freddie Mac, the average 30-year fixed-rate mortgage hit a record 3.29 percent this past week, which is the lowest level in its nearly 50-year history. Mortgage applications, meanwhile, increased 10 percent last week from one

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