Blog Archives: July 2020

Mortgage Rates Remain at All-Time Low We live in remarkable times. And while uncertainty remains the order of the day, the average U.S. rate for a 30-year fixed mortgage is 2.75% this week, matching the lowest on record. Why? The three most populous U.S. states, including California, have seen new spikes in COVID-19 infections, driving money managers to seek the safe harbor of fixed-income investments like mortgage bonds. In March, the Fed steadied the bond market by buying fixed assets to boost competition and shrink yields. And it ...