U.S. Mortgage Rates Hit Another Record Low With 30-Year at 2.65% (Crazy Money Printing By Fed)

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by confoundedinterest17

(Bloomberg) – Prashant Gopal – Mortgage rates in the U.S. started 2021 by setting another record low.

The average for a 30-year, fixed loan fell to 2.65%, down from 2.67% last week and the lowest in data going back 50 years, Freddie Mac said in a statement Thursday. It was the 17th record low since the coronavirus started roiling financial markets last March.

Of course, The Federal Reserve printing gobs of M2 money is helping.

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In the words of the immortal Ron Swanson, “I want this night to get k-razy. Get me a shot of snake juice. I hear it has a dope aftertaste.”

The mortgage market after a shot of snake juice. And its dope aftertaste.

parks and recreation dancing GIF

On the other hand, Bankrate saw a slight up-tick in the 30Y mortgage rate.

 

 

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