UWM announces 1.99% rate for 30-year fixed mortgage
Housing Wire
AUGUST 11, 2020
Mortgage rates have tumbled since March when the Federal Reserve began buying bonds to support the economy during the COVID-19 pandemic. The Fed started buying Treasuries and mortgage-backed securities to grease the wheels of the credit markets and avoid a repeat of the credit crunch seen during the 2008 financial crisis.
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