Is it here? Mortgage Rates Drop, Hitting a Record Low for the Eighth Time this Year | David Reed Mortgage Rates Drop, Hitting a Record Low for the Eighth Time this Year – David Reed

August 6, 2020
The resilience of the housing market continues as mortgage rates hit another all-time low, giving potential buyers more purchasing power and strengthening demand. We expect rates to stay low and continue to propel the purchase market forward. However, the main barrier to rising demand remains the lack of inventory, especially for entry-level homes.

Information provided by Freddie Mac.