How record-low mortgage rates changed everything in 2020
Housing Wire
DECEMBER 30, 2020
Investors began to show an increased concern about the economic impact from China’s coronavirus outbreak, driving rates to a three-year low of 3.51%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Heightened uncertainty about the virus sent money flowing back in to the U.S Sales of new homes spiked 18.6% bond market.
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