The 30-year mortgage rate fell this week to its new all-time low of 3.13%.
The 15-year fixed rate fell from 2.62% to 2.58%.
All signs in most recent weeks have pointed to a housing market recovery as buyer demand is still high. However low inventory may make the recovery difficult to sustain.
“The outlook for the economy and housing will be affected by prospects for a vaccine for the virus and government relief measures and policies, Khater noted.”