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Mortgage Rates Hit a Record Low—Again – The Wall Street Journal


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Mortgage Rates Hit a Record Low—Again – The Wall Street Journal

Mortgage rates fell to their lowest recorded level Thursday, weighed down by fears that the U.S. economy’s recovery will be held back by new coronavirus outbreaks. The average rate on a 30-year fixed-rate mortgage fell to 3.07% from 3.13% last week, mortgage-finance giant Freddie Mac said. It is the fifth time this year rates on…

Mortgage rates fell to their lowest recorded level Thursday, weighed down by fears that the U.S. economy’s recovery will be held back by new coronavirus outbreaks.

The average rate on a 30-year fixed-rate mortgage fell to 3.07% from 3.13% last week, mortgage-finance giant Freddie Mac said. It is the fifth time this year rates on America’s most popular home loan have hit a new low.

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