Mortgage rates hit 12th record low in 2020, boosts U.S. boom

Rich Pedronselli / Associated Press The average 30-year U.S. fixed mortgage rate fell to 2.78% from 2.8%, the 12th record low this year. The rate is the lowest in almost every year in Freddie’s data. Cheap loans have sparked powerful housing rallies during the coronavirus epidemic. “Despite the uncertainty we’ve …

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