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Mortgage rates fall, but who’s buying?

The coronavirus pandemic has slammed the residential market and left homeowners wondering if they’ll be able to make their payments, but at least rates are down, right? The average rate for a 30-year fixed mortgage dropped to 3.5 percent from 3.65 percent last week, according to data from Freddie Mac reported by Bloomberg. Freddie Mac itself is offering various mortgage-relief packages in light of the pandemic. Mortgage rates dropped to a record low of 3.29


The Real Deal New York

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