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2.5% FIXED Mortgage Rates ???

Mortgage rates fall to near-historic low on concerns about coronavirus pandemic.

Mortgage rates have remained below 3.3% for four straight weeks

This week’s decline in rates was prompted by comments from the Federal Reserve. “Mortgage rates slid today after a sobering assessment from the Federal Reserve of the tough economic road ahead,” said George Ratiu, senior economist at The central bank downgraded its economic forecast ahead of its meeting last month, according to notes released Wednesday.

The Federal Reserve indicated that they would keep interest rates low for an extended period of time to help the economy bounce back from the coronavirus pandemic. But Fed officials have warned that the central bank’s effectiveness in addressing the economic impact of the outbreak could be limited if the U.S. doesn’t resolve public health issues.


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