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Subscriber OnlyMarketsEconomicsMortgage Rates Slip to Record Low 2.98% for 30-Year LoansLow borrowing costs in U.S. have fueled demand for homesReal estate has held up better than expected in pandemicPhotographer: Victor J. Blue/BloombergByPrashant Gopal+FollowJuly 16, 2020, 2:00 PM UTCUpdated onJuly 16, 2020, 2:36 PM UTCMortgage rates are searching for the floor.The average for a 30-year fixed loan fell to 2.98%, slipping below a psychological threshold that could fuel even more demand for housing.
