Mortgage Rates Fall to a
Record Low Rate for 8th Time in 2020 The average interest rate for a
30-year fixed-rate mortgage fell
to 2.88 percent last week. Just a year ago, the rate
for the same mortgage
averaged 3.6 percent. For a 15-year fixed-rate mortgage,
the average rate fell to
2.44 percent last week. Rates were pushed lower by
unprecedented national unemployment,
as well as a delay in a new stimulus package. Though interest rates
have fallen to record lows,
homebuyers are struggling to find
homes on the market. George Ratiu, via
MarketWatch George Ratiu, via
Market Watch