Mortgage Rates Fall Below 2.7%, Setting Another Record Low in 2020
✉️ Want to forward this article? Click here.
Long-term mortgage rates dropped below 2.7 percent this week, a new record low.
On Thursday, Freddie Mac announced 2.67 percent as the average on a 30-year mortgage, four basis points lower than the record low set just weeks ago. It is the 15th time this year that rates have set a new record low.
story continues below
loading...story continues above
“The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” Freddie Mac's Sam Khater said in a release. “Mortgage rates are at record lows and pushing many prospective homebuyers off the sidelines and into the market. Homebuyer sentiment is sanguine and purchase demand shows no real signs of waning at all heading into next year.”
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
See other articles related to: freddie mac, interest rates, mortgage rates, record low mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-fall-below-27-setting-another-record-low-in-2020/17671.
Most Popular... This Week • Last 30 Days • Ever

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »

Reports over the last week have suggested that a flood of homes hit the market as the... read »

Long-term rates have now fallen incrementally for the last few weeks.... read »

Homes in the works that have price tags as high as $11 million are finding buyers at ... read »

Amazon's return to the office has been messy; why homes are being pulled off the mark... read »
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
- The DC Area Is Not Seeing A Surge Of Homes Hit The Market Due To Federal Layoffs
- Mortgage Rates Inch Down For 4th Week In A Row
- Some Of DC's Most Expensive Homes Are Finding Buyers Before They Are Built
- Friday's Must Reads
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro