Economics
U.S. Mortgage Rates Tumble to a Record Low for 30-Year Loans
Photographer: Daniel Acker/Bloomberg
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U.S. mortgage rates fell to a record low for the third time since the coronavirus started roiling global markets.
The average for a 30-year fixed-rate loan was 3.15%, down from 3.24% last week and the lowest in Freddie Mac data going back to 1971. The previous record, 3.23%, was reached last month, shattering March’s low of 3.29%.