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Mortgage rates likely to fall again

Mortgage rates will fall again after the Federal Reserve’s latest policy moves to combat the economic impact from pandemic coronavirus

30-Year Fixed Rate Mortgage Average in the United States

Mortgage rates had fallen to a record low two weeks ago, but a flood of refinance applications flooded lenders and which caused investors in mortgage-backed bonds to back off.

It caused mortgage rates to jump more than 50 basis points in one day. In the end, The Fed’s move will likely reverse that course yet again.

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