The U.S. mortgage rate has reached its lowest level since tracking began in 1971. The U.S. mortgage rate dropped down to 2.86 percent in early September and the 30-year fixed mortgage rate averaged 2.88 percent for the week ending Oct. 1. Economists expect that the low mortgage rate below three percent would propel the home sales and refinance the real estate market hit by the unexpected pandemic.
DBJ Staff, U.S. mortgage rates nudge down near historic low mark,
https://www.bizjournals.com/newyork/news/2020/10/05/us-mortgage-rates-nudge-down-near-historic-low.html (Oct. 05, 2020).
Tags: 30-year fixed mortgage, home buyer, home sales, low mortgage rates, nyc real estate, refinance