Market Update

Volatile market pushes mortgage interest rates even lower

Volatile market pushes mortgage interest rates even lower

Stop us if you’ve heard this before: Mortgage interest rates just dropped to historically low levels. That has become the trend recently as market moves, and actions by the Federal Reserve, continue to not only keep rates steady and low, but push them even lower.

Mortgage News Daily reported this week that the average for a 30-year fixed-rate mortgage dropped below 3%. Freddie Mac’s 30-year fixed-rate mortgage average is just above that at 3.21%, but their data was collected before markets took a nosedive on Thursday.

Continue reading Volatile market pushes mortgage interest rates even lower at Movement Mortgage Blog.

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