2.5% Mortgage Rates

According to the National Association of Realtors, some buyers are obtaining 30 year fixed rates for as low as 2.5%. Borrowers with high credit scores, little debt, solid equity, and who shop around tend to find the lowest deals. These historically low rates seem to be reserved for purchase contracts; refinance rates are falling between 3.5 and 4% for the week ending May 14, 2020.

For Some, 30-Year Rates at 2.5% Are Possible

Today’s Rates

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Amy Hoag

Amy Hoag