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Mortgage Rates Just Above Record Lows

  • October 8th 2020

by UrbanTurf Staff

On Thursday, long-term mortgage rates fell one basis point to 2.87% and are just above their record low on 2.86% set in September. 

“The year-long slide in mortgage rates seems to be ending as rates have flattened over the last month and the economic rebound has slowed,” Freddie Mac's Sam Khater said in a release. “But with near record low rates, buyer demand remains robust with strong first-time buyers coming into the market.

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.

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage-rates-just-above-record-lows/17387.

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