20 October . 2020
Mortgage Interest Rates Hit Another Record Low
Home shoppers can extend their buying power as rates for a 30-year fixed loan fell to 2.81%, the lowest rate since Freddie Mac began tracking. Mortgage interest rates have been below 3% for 12 consecutive weeks with the previous all-time low set back in September. When home buying power is up, borrowers can afford to buy or build more home. And with the added need for home offices, private backyards, and more storage, this may be the perfect time to upsize your living space.