Mortgage Rates Fall as Demand for Home Loans Rises

October 1, 2020

Washington Post, Oct. 1, 2020–Michele Lerner
Mortgage rates fell as growing demand for home loans continue to strain lenders’ capacity to process them. The average for a 30-year fixed-rate mortgage reached 2.88 percent, down from 2.90 percent, with an average 0.8 point, according to a Freddie Mac report released Thursday. (MBA mention)