A home for sale is seen Tuesday, Dec. 8, 2020, in Orlando, Fla. U.S. long-term mortgage rates declined this week to new record lows for the first week of 2021.
The year opens against the continuing backdrop of damage from the coronavirus pandemic on the U.S. and global economies, which suppressed home loan rates through most of 2020.
(AP Photo/John Raoux)WASHINGTON – U.S. long-term mortgage rates declined this week to new record lows for the first week of 2021.
Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan slipped to 2.65% from 2.67% from last week.
Mortgage rates are set to rise modestly this year as economic factors shift, according to Freddie Mac chief economist Sam Khater.