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Blog Image: Mortgage rates  fall below 3% again

Mortgage rates fall below 3% again

The average cost of a 30-year fixed-rate mortgage fell to 2.99 percent this week, mortgage giant Freddie Mac said. That was down from 3.01 percent last week and up a fraction from the recent all-time low of 2.98 percent. With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged to record lows. In a separate survey of rates by Bankrate, the average 30-year fixed-rate mortgage fell to an all-time low of 3.30 percent. The gap is because Bankrate’s figure includes points and origination fees averaging 0.33 percent, while Freddie Mac’s numb...

July 30th, 2020 Mortgage rates fall below 3% again