The average rate on a 30-year mortgage, America’s most popular home loan, has fallen below 3 percent. The 2.98 percent is the lowest Freddie Mac has seen in nearly 50 years of tracking. It’s the third consecutive week of decline and the seventh record-low set this year, according to the Wall Street Journal. Rates last hit a record low of 3.07 percent on July 7. Jeff Tucker, an economist at Zillow, told the Journal that
source https://therealdeal.com/2020/07/16/30-year-mortgage-rate-hits-record-low/
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