The economic recession spurred by the COVID-19 pandemic has caused interest rates to plummet. Both 15- and 30-year mortgage rates continue to hit record lows. The most recent record was set on November 25th with Freddie Mac reporting 30-year rates at 2.72% and 15-year rates at 2.28%. This has made new mortgages especially attractive to prospective homebuyers and caused housing booms in several US markets.
Katharine McGuire

Katharine McGuire is from Nashville, Tennessee and has lived in Boston, Massachusetts and Havana, Cuba. She joined AIRINC in 2020 as a Housing Analyst and has researched 40 housing markets through interviews with real estate agents in the U.S., Canada, and Europe.
Recent Posts
Reluctant Renters impacting housing availability in Philadelphia
Dec 01, 2020 @ 06:15 AM / by Katharine McGuire
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