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Mortgage rates hit all-time low

Posted On: Jul 2, 2020   |   Posted By: The Real Deal New York

The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac's latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2, down 0.06 percentage points from the week before and down 0.68 points year-over-year. It is the lowest rate on record since the survey began in 1971. “Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year

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