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Greater Capital Area Association of Realtors®

Why Would-Be Buyers May Miss Out on Low Mortgage Rates

Aug 12, 2019

The 30-year fixed-rate mortgage averaged 3.60 percent this week, the lowest average since November 2016, Freddie Mac reports. For home buyers, that means greater savings in borrowing costs. But many would-be buyers may be left out of those savings due to the limited inventory that's plaguing numerous housing markets across the country. Get the details.