PoliticsEconomy

Actions

Mortgage Rates Fall To Another Record Low

The average for a 30-year fixed-rate mortgage is 2.80 percent. For context, the rate was 3.75 percent a year ago.
Posted at 12:20 PM, Oct 23, 2020

Mortgage rates fell to a historic low once again.

The average for a 30-year fixed-rate mortgage is 2.80 percent. For context, the rate was 3.75 percent a year ago.

Newly released data shows the Federal Reserve's move to make home loans more affordable is working, as home sales and new construction have gone up.

Contains footage from CNN.