30-year fixed-rate mortgage sunk 12 basis points to 2.72%, a historical low13597
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|Forbes (19 November) Today’s Mortgage Interest Rates: Nov. 19, 2020—Rates Smash Another Record Low
"Mortgage rates made history again this week. Interest rates on the 30-year fixed-rate mortgage sunk 12 basis points to 2.72%, a historical low," reports Forbes.
"Low mortgage rates are certainly one driver of strong home sales this year. The average commitment rate (that’s the interest rate minus fees and mortgage points) for a 30-year fixed-rate mortgage fell to 2.83% in October, down from 2.89% in September, according to Freddie Mac. In contrast, the average commitment rate for 2019 was 3.94%," reports Forbes.
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