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Greater Capital Area Association of Realtors®

Mortgage Rates May Tumble to Record 3.3 Percent by Year's End

Sep 9, 2019

Fixed mortgage rates could fall to 3.3 percent by year's end as the nation’s economy slows, according to Lawrence Yun, chief economist of the National Association of REALTORS®. That would put the rate just a smidge below the 3.31 percent seen in November of  2012 – the lowest average for a 30-year fixed mortgage in Freddie Mac data going back to 1971.

Yun made his comment on Friday after seeing a Labor Department report that showed a weakening jobs market. Get the details.