Angel Oak Mortgage Plans IPO According to an S-1 statement filed with the Securities and Exchange Commission, Atlanta-based Angel Oak Mortgage is looking to go…

Estimated reading time: 0 minutes, 24 seconds

Mortgage Rates Hit New Milestone With Drop Below 2.75%

Mortgage rates have cracked a new watermark in a year of record lows, with the benchmark 30-year fixed-rate mortgage dipping below the 2.75% threshold for the first time ever. So reports Yahoo Finance.

According to Freddie Mac, the 30-year fixed-rate averaged 2.72% in the week ending November 19, down 12 basis points from the week prior and the lowest since the company’s measure began in 1971. It was the 13th all-time low in 2020.

The rate remained at 2.72%, as of November 25.

Read the full article from Yahoo Finance

Read 267 times
Rate this item
(0 votes)

FOLLOW US

click me
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.