Are mortgage rates about to fall below 3%?

Are mortgage rates about to fall below 3%?

Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened.

And as the virus was wreaking havoc on the world and its economy, interest rates not only broke that record; they’ve since settled comfortably below the previous all-time record level and stayed under 3.3% for three straight weeks.

But is it possible that interest rates are on the verge of falling to levels no one ever thought they’d see: under 3%?

The rest of this content is for HW+ members. Join today with an HW+ Membership! Use discount code “HWplusweek” for $150 off. Already a member? log in

The post Are mortgage rates about to fall below 3%? appeared first on HousingWire.
Source: https://www.housingwire.com/rss