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New Low for 30 Yr Mortgage Rate – 2.88%

“Mortgages rates have found another record low, potentially boosting a housing market that has been a bright spot for a shaky U.S. economy.

The average for a 30-year fixed loan fell to 2.88 percent, the lowest in nearly 50 years of record keeping by Freddie Mac. It was the eighth time since the coronavirus started roiling financial markets that rates have dropped to a new low.”

 

The 30-year mortgage rate has plunged to a record low — again

 

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