Mortgage Rates Plunge as Wall Street Worries About Covid-19 Resurgence
The rate dropped almost a tenth of a percentage point as bond investors worried about a jump in Covid-19 infections.
The rate dropped almost a tenth of a percentage point as bond investors worried about a jump in Covid-19 infections.
The average U.S. FICO score rose to 710 in 2020 from 703 in 2019 while late payments and credit utilization dropped as Americans hunkered down during the Covid-19 pandemic.
The IMF upgraded its economic growth forecast, saying the U.S. will lead developed nations with a 6.4% surge in GDP this year, faster than the 6% global pace.
The average U.S. rate for a 30-year fixed mortgage fell to 3.13% this week, the first drop since early January, Freddie Mac said in a report on Thursday.
Bloomington and Iowa City are the best markets in the U.S. for first-time homebuyers, according to realtor.com's ranking of cities by affordability, inventory, and job opportunities.