Mortgage rates fell to their lowest recorded level Thursday, weighed down by fears that the U.S. economy’s recovery will be held back by new coronavirus outbreaks.
The average rate on a 30-year fixed-rate mortgage fell to 3.07% from 3.13% last week, mortgage-finance giant Freddie Mac said. It is the fifth time this year rates on America’s most popular home loan have hit a new low.
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