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Mortgages

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

By Alex Gebbie | August 18, 2020
Lowest Rates in History

In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always been…

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