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Housing market continues to spike despite pandemic By Courtney Chandler | December 18, 2020 at 10:09 PM CST - Updated December 18 at 10:17 PM MONTGOMERY, Ala. (WSFA) - The COVID-19 pandemic has not stopped the housing market from seeing its best numbers across the board in 2020. The housing market is on pace to see a 6% increase from 2019 this year. With interest rates at record lows, 2.6% for a 30-year fixed mortgage and 2.21% for a 15-year fixed mortgage, the lowest in nearly 50 years. Subdivisions like Hampstead have benefited greatly from those low interest rates and they say 2020 has been one of their best years. “We’ve seen a 46% increase in home sale contracts for the year and we have written over 64 sales contracts for houses here at Hampstead,” director of development Anna Lowder said. ....