Mortgage rates going up or down 2020
The worse the COVID-19 outbreak gets, the lower mortgage rates will go. March 19, 2020, the average rate on a 30-year fixed-rate mortgage rose 17 basis Weekly mortgage applications drop over 8% as interest rates jump briefly. Published Wed, Mar 18 20206:42 AM EDT Updated Wed, Mar 18 20207:20 AM EDT to bring down mortgage rates in the coming weeks, spurring more refinancing.”.