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Record-Low Mortgage Rates Continue To Spur Homebuyer Demand

Courtesy of FreddieMac.

Mortgage Rates

July 9, 2020

The summer is heating up as record-low mortgage rates continue to spur homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.

Morgage rates

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Go to for more details!   

If you are thinking of selling, now might be a great time to make a move. 

Call us at 757-703-7702, send us a message, or email us at for a complimentary consultation and home valuation to make the best decision for you and your family.
Looking forward to speaking with you!

Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. Although the Economic & Housing Research group attempts to provide reliable, useful information, it does not guarantee that the information or other content in this document is accurate, current, or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2019 by Freddie Mac.
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