Mortgage Rates Hit New Low Once Again; Experts Say They’ll Stay There

Mortgage Rates Hit New Low Once Again; Experts Say They’ll Stay There

Mortgage rates just hit a new low for the third time this year.

Getty

Mortgage rates hit another record-breaking low this week, dropping to a mere 3.13% on the average 30-year, fixed-rate loan. That’s the lowest rate recorded since 1971, according to Freddie Mac—and the third time a new low has been set this year.

Buyers and homeowners have noticed, too. Applications to purchase a home…

View On WordPress