Mortgage Rates: A Record Low for Home Buyers - Bonanza for Home Sellers
- Heather Harkema
- Jul 26, 2020
- 1 min read
Updated: Mar 2, 2022
The housing markets in Colorado are seeing new records set almost on a monthly basis. Likewise, America is experiencing the lowest home lending rates ever seen.
This house was sold by Heather Harkema
History making low rates give home owners financial advantages.
Low rates allow for home-owners to refinance (and thousands of dollars.)
Low rates offer home-buyers higher buying power.
Low rates allow home-sellers potentially more interested buyers.
The average rate on the popular 30-year fixed just fell to another record low at 2.87%, according to Mortgage News Daily.
That is about a full percentage point lower than where it was one year ago.
Source: CNBC, Mortgage rates just hit another record low.
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