Mortgage Rates Plunge to Record Low 2.88% for 30-Year Loans
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
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%, 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.