Estimated reading time: 0 minutes, 19 seconds

Mortgage Rates Fall to Ninth Record Low of 2020

Friday, Sep 11 2020
Lending
Written by 

For the ninth time since March, U.S. mortgage borrowers have been enjoying record-low interest rates. So reports CNN.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.86% in the week ending September 10, the lowest since statistics began almost 50 years ago, while the 15-year averaged 2.37%.

Freddie Mac chief economist Sam Khater cited “a late summer slowdown in the economic recovery.”

Read the full article from CNN. 

Read 1911 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline