March 20, 2023: Mortgage Rates Drop Amidst Bank Turmoil.
TL;DR Summary
Mortgage rates for home purchases and refinancing have fallen significantly for all key terms since last Friday, with 30-year rates diving below the 6% mark. Borrowers may want to lock in a 30-year rate today, ahead of likely rate fluctuations. Homebuyers who want to take advantage of interest savings may want to consider 20-year rates, while homeowners who want to stick with a longer repayment term may want to lock in a 30-year refinance today, while rates are under 6%.
- Today's 30-year mortgage rates plummet below 6% | March 20, 2023 Fox Business
- Today's Mortgage Rates & Trends - March 20, 2023: Rates Edge Down Investopedia
- Today's mortgage rates for March 20, 2023 - nj.com NJ.com
- Bank turmoil triggers uncertainty in Seattle housing market The Seattle Times
- Current Mortgage Rates for March 20, 2023: Rates Recede CNET
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