Connect with us

Business

Mortgage rates fall to record lows for the 11th time this year, but new challenges for first-time buyers remain – MarketWatch

Home price gains continue to outpace wage growth, and low interest rates aren’t helping a whole lot.

Published

on

post featured image
ADVERTISEMENT

Mortgage rates continue to trend downward as the realities
of the coronavirus pandemic and uncertainty surrounding the upcoming
presidential election put pressures on the market.The 30-year fixed-rate mortgage averaged 2.8% for the week ending Oct. 22, falling one basis point from the record low set just the week prior, Freddie Mac FMCC
FMCC,
  reported Thursday. The new record low stands nearly a full percentage point below where rates were a year ago. During this same time in 2019, these loans…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Elon Musk soars past Bill Gates to become second richest person – Aljazeera.com
post featured image
Twitter verification will return early next year – The Verge
post featured image
Black Friday 2020 ad scans: Walmart, Best Buy, Target, Home Depot, Kohl’s, Sam’s Club and more – CNET