From FoxBusiness.com….
While the coronavirus pandemic has financially sideswiped millions of Americans, there is something of a silver lining: current mortgage rates are declining — and homeowners and home buyers alike can save big.
Mortgage interest rates have hovered near historic lows for much of 2020 thanks to Federal Reserve policies designed to bolster the economy. If you’re a prospective home buyer or a homeowner who’s interested in a refinance loan, a rates drop can translate to significant savings (and lower monthly payments).