Mortgage Rates At All Time Low
March 9, 2020
“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with no signs of slowing down…
Weekly figures released by the Mortgage Bankers Association showed that the Market Composite Index, which is a measure of mortgage loan application volume, surged 15.1% in the week ending 28th February. In the week ending 21st February, the Index had increased by 1.5%.
The Refinance Index jumped 26% from the previous week and was 224% higher than the same week a year ago. In the previous week, the Index had fallen 1%..”
https://finance.yahoo.com/news/u-mortgage-rates-fall-record-034216598.html