Interest rates on a 30 year mortgage in the United States fell below 3% for the first time in history.
The largest American mortgage agency Freddie Mac reported a drop in the average rate of a 30-year loan to 2.98% (the lowest figure for 50 years of registration).
At the beginning of 2020, the average rate of a 30-year mortgage was 3.72%, and a year ago – 3.81%. As a comparison, the publication recalls that in the early 1980s, after tough measures by the Federal Reserve to combat inflation, the mortgage rate exceeded 18%.
Analysts now attribute historically low values to the crisis surrounding the coronavirus pandemic.
“This is an incredible psychological mark. It indicates that we are in a crisis,”Jeff Tucker, an economist at the Zillow Group real estate agency.