According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.15% in the week ending May 28, down from 3.24% the week before.
The previous low of 3.23% was set in April, falling below March’s bottom of 3.29%.
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The mortgage market has tumbled to another record low for interest rates, the third so far this year amid the coronavirus pandemic. So reports MarketWatch.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.15% in the week ending May 28, down from 3.24% the week before.
The previous low of 3.23% was set in April, falling below March’s bottom of 3.29%.