Estimated reading time: 0 minutes, 22 seconds

Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Friday, Nov 13 2020
Lending
Written by 

Mortgage rates have rebounded modestly from their 12th all-time low of 2020 amid encouraging activity around a COVID-19 vaccine. So reports MarketWatch.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.84% for the week ending November 12, up from a nadir of 2.78% a week earlier.

Matthew Speakman, an economist with Zillow, told MarketWatch that the rise drives home how much the direction of financial departments depends right now on the pandemic.

Read the full article from MarketWatch. 

Read 1380 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President NY Fed President Warns Economy Remains in 'Deep Hole' »

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