Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity
As of April 2, 2020, the national average rate for a 30-year mortgage has fallen to 3.33 percent, with an average of 0.7 points paid, according to data from Freddie Mac.1 Mortgage rates have plunged back to the lowest levels in decades, yet overall mortgage applications were down 17.9% in the week ending April 3, 2020 according to the Mortgage Bankers Association. . .