2020 has had its challenges for homebuyers, but mortgage rates aren’t one of them! The rates we’re seeing this year could make it possible for more people to afford a home—and potentially a larger, better home than they may have been able to buy in the past. We’ve created the following chart to help put these rates in perspective for house hunters. If you’d like to share it with your clients and prospects, here’s where you can download a PDF of our flyer.
Rates are based on the average rates per year based on Freddie Mac rate reporting of conforming conventional loans (http://www.freddiemac.com/pmms/pmms30.html).