Mortgage rates hit a 3-year low, with more rate drops in sight
Mortgage rates reached their lowest point in three years, sitting at 3.45 percent as of February 27, 2020. Though the Federal Reserve’s surprising rate cut isn’t expected to affect mortgage rates, financial experts believe mortgage rates aren’t done falling.
Some mortgage industry research groups say rates could potentially dip below 3 percent within weeks, creating a “once-in-a-lifetime” opportunity.
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