Is it here? Mortgage Rates Hit All-Time Record Low Heading into Holiday Weekend | David Reed Mortgage Rates Hit All-Time Record Low Heading into Holiday Weekend – David Reed

July 2, 2020
Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year. On the economic front, incoming data suggest the rebound in economic activity has paused in the last couple of weeks with modest declines in consumer spending and a pullback in purchase activity.

Information provided by Freddie Mac.