Mortgage rates fall to new record low — here’s why some loan applicants won’t be offered them

Mortgage rates fall to new record low — here’s why some loan applicants won’t be offered them

Mortgage rates have dipped to a record low for the second time in as many months amid the global coronavirus outbreak.

The 30-year fixed-rate mortgage dropped to an average of 3.23% during the week ending April 30, a decrease of 10 basis points from the previous week, Freddie Mac
FMCC,
-1.21%
reported this week. This represents the lowest level since Freddie Mac began tracking this data…

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