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【CNBC】Coronavirus fears cause mortgage rates to plunge to 8-year low

【CNBC】Coronavirus fears cause mortgage rates to plunge to 8-year low

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  • The average rate on the popular 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That is for borrowers with strong financials and credit scores.
  • “Aggressive lenders will be at 3.25% today, and 3.375% will be the new going rate for the average lender,” said Matthew Graham, chief operating officer at Mortgage News Daily.
  • Applications to refinance a home loan are up around 165% annually, according to the Mortgage Bankers Association.

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