Mortgage rates slide to historic lows for third time this month
Kathy Orton, The Washington Post
Dec. 24, 2020
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Fixed mortgage rates didn t move much this week, but they declined enough to reach another record low, marking the third time this month and the 16th time this year they have hit historic lows.
The 30-year fixed-rate average, the most popular mortgage product, sank to 2.66% with an average 0.7 point, according to the latest data released Thursday by Freddie Mac. (Points are fees paid to a lender equal to 1% of the loan amount and are in addition to the interest rate.) It was 2.67% a week ago and 3.74% a year ago.