Uncertainty, the very thing that drove the average rate on a 30-year fixed mortgage to a record low this week, could prevent millions of prospective homeowners from pulling the trigger on a purchase. “The rates are great,” said Al Fazio, a real estate attorney in New York City. “Although everyone remains concerned about what tomorrow will bring,” regarding the economy and coronavirus. The 2.98 percent average rate on America’s most popular home loan is the
source https://therealdeal.com/2020/07/17/mortgage-rates-are-sub-3-but-how-are-buyers-and-lenders-reacting/
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