Average U.S. Mortgage Rate Dips Below 3% Again, Freddie Mac Says
Mortgage rates are falling as bond investors worry about a resurgence of the Covid-19 pandemic that would delay an economic resurgence.
April 22, 2021 1 MIN
Mortgage rates are falling as bond investors worry about a resurgence of the Covid-19 pandemic that would delay an economic resurgence.
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. 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.
Allowing the VA loan fees to reset as scheduled will save veterans and active-duty military members about $200 million annually, the lenders’ group said.
Shelling out more upfront means you'll get a lower rate and a smaller mortgage payment, but is it the right course for everyone?
Should you buy a house now, at whatever mortgage rate is available, and plan to refinance later?
Opting for an ARM instead of a fixed-rate mortgage can be a good strategy if a homebuyer doesn't plan to stay in the house for more than five to seven years.
