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Mortgage Rates Edge Down to 14th Record Low of 2020

Friday, Dec 04 2020
Lending
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Freddie Mac’s weekly mortgage rate averages have hit their 14th all-time low since the pandemic struck this spring. So reports MarketWatch.

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According to the mortgage-finance giant, the 30-year fixed-rate mortgage averaged 2.71% for the week ending December 3, compared with 2.72% the previous week.

The 15-year fixed-rate mortgage averaged 2.26%, down from 2.28%.

Zillow economist Matthew Speakman noted that mortgage rates, unusually, were moving counter to Treasury yields, which climbed amid stimulus hopes.

Read the full article from MarketWatch. 

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