Mortgage rates hit lowest level in almost 50 years

John Andersch John Andersch

John Andersch

Broker at All Seasons Mortgage

发布日期: 2020年3月6日
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30 year fixed-rate mortgage hit 3.29% Thursday – the lowest interest rate Freddie Mac has recorded since 1971.

Freddie's Primary Mortgage Market Survey revealed that the 30-year FRM plunged from last week's 3.45% and was lower than last year's 4.41% average.

"The average 30-year fixed-rate mortgage hit a record 3.29% this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10% last week from one year ago and showed no signs of slowing down," said Freddie Mac Chief Economist Sam Khater.

The 15-year fixed-rate mortgage also fell from the previous week's 2.95% to 2.79% this week. At this time in 2019, the 15-year FRM averaged 3.83%.

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