What the Lowest Mortgage Rates in History Mean for You.
The 30-year fixed rate mortgage average fell below 3% in July for the first time in history. The drop in interest rates lead many home owners to refinance their mortgages as they looked to take advantage of this unprecedented
opportunity. So, are today’s rates truly a bargain? Average rates on mortgages have bounced between 4-5% for the past couple of years, however they haven’t always been that low.
