Freddie Mac Mortgage Rates Continue to Trend Down

Freddie Mac Mortgage Rates Continue to Trend Down

October 22, 2020

Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so. Mortgage rates today are on average more than a full percentage point lower than rates over the last five years. This means that most low- and moderate-income borrowers who purchased during the last few years stand to benefit by exploring refinancing to lower their monthly payment.

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