Mortgage Rates Head Back Down as Federal Reserve Becomes Major Buyer of Mortgage-Backed Securities

Washington Post, Mar. 26, 2020–Kathy Orton
Mortgage rates have bounced around a lot lately, making it difficult to know where they are headed. Last week, they spiked to their highest levels since January. This week, they tumbled. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average fell to 3.5 percent with an average 0.7 point. (MBA mention)