Mortgage Rates Are Back Under 3% , National Association of REALTORS ® Says

Here's welcome news for home shoppers: Borrowing costs got cheaper this week. Mortgage rates are back under 3% for the first time in weeks. The 30-year fixed-rate mortgage averaged 2.97% this week, Freddie Mac reports. © jan_S - AdobeStock The drop in rates this week followed a downward trend for the 10-year Treasury yield, which …