Here’s what it will take for mortgage rates to drop below 3%
In today’s Daily Download episode, HW+ Managing Editor Brena Nath interviews HousingWire Mortgage Editor Ben Lane to discuss the current record low interest rates and the likelihood that rates will sink below 3% this year as the coronavirus pandemic continues to affect the economy.
For some background on the interview, here’s a small snippet of his article:
Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened.
And as the virus was wreaking havoc on the world and its economy, interest rates not only broke that record; they’ve since settled comfortably below the previous all-time record level and stayed under 3.3% for three straight weeks.
But is it possible that interest rates are on the verge of falling to levels no one ever thought they’d see: under 3%?
The Daily Download examines the most captivating articles reported from the HousingWire newsroom. Each afternoon, HousingWire provides its readers with a deeper look into the stories that are not only chronicling the biggest announcements within the housing finance industry but are also helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.
HousingWire articles covered in this episode: