Market Update

Rates hit another historic low as housing industry continues to boom

     
Rates hit another historic low as housing industry continues to boom

Millions more Americans could save money through a refinance as mortgage rates hit another historic low. The 30-year fixed-rate mortgage average hit 2.86% this week, according to Freddie Mac. Just one year ago, rates were considered low at 3.56%. Data analytics company Black Knight says that drop means more than 19 million Americans could save money through a refinance on their current home loans. 

There is no question that the consistently low rates have spurred incredible volume for the mortgage industry.

Continue reading Rates hit another historic low as housing industry continues to boom at Movement Mortgage Blog.

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