Uncategorized December 4, 2020

Interest Rates Drop Again

14 Times

Microscope

For the 14th time this year, 30-year mortgage rates set a record and hit an all-time low.

Based on data just released by Freddie Mac, rates are now at 2.71%.  Their weekly survey of the 30-year mortgage rate dates back to 1971.

Just one year ago rates were at 3.68%.

So, what does this mean for buyers?

Based on a $400,000 loan, current rates result in a monthly payment that would be $212 less than one year ago.

POSTED ON DECEMBER 4, 2020 AT 8:54 AM
WINDERMERE WINDSOR | CATEGORY: BLOGFUN FACTSMARKET NEWS | TAGGED 

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