30 Year Mortgage Rates pushed lower last week reaching a new low of 2.88%, according to Freddie Mac, a government-sponsored agency that backs millions of American mortgages. Congressional gridlock over the next fiscal relief could drive rates even lower.
The limited supply of homes on the market continue to cause an obstacle to buyers looking to own a home. Credit tightening is also putting a squeeze on buyers to qualify for these record low rates.
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