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Buyer Tips & Strategy • First Time Homebuyer Tips & Strategy • Market Trends • Mortgage Lending • Mortgage Tips & Strategies • July 15, 2020

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

by Cara Milgate

Mortgage Rates Hit Record Lows for Three Consecutive Weeks | MyKCM

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below):