U.S. Mortgage Rates Hit Historic 50-Year Record Low in Early March

WORLD PROPERTY JOURNAL | March 06, 2020

U.S. Mortgage Rates Hit Historic 50-Year Record Low in Early March
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged the lowest rate in our survey's history which dates back to 1971. The average 30-year fixed-rate mortgage hit a record 3.29 percent this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down," said Sam Khater, Freddie Mac's Chief Economist. "Given these strong indicators in rates and sales, as well as recent increases in new construction, it's clear the housing market continues to be a positive force for the broader economy.

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Brian Icenhower discusses how to budget for real estate, and talks with Hal Sousa, a prime example of how to build wealth through property investment.

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Spotlight

Brian Icenhower discusses how to budget for real estate, and talks with Hal Sousa, a prime example of how to build wealth through property investment.