Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Mortgage rates are set to continue their historic decline, and will likely breach 3% later this year, according to Fannie Mae.
According to Fannie Mae, nearly 60% of all outstanding mortgage balances have at least a 0.5% incentive to refinance.Expect mortgage rates to extend their historic decline to below 3% by the end of this year, according torate declined to 3.03%, setting a new record all-time low. Low mortgage rates have helped fuel a boom in home purchases and refinances, as consumers look to take advantage of the lower rates. According to Fannie Mae, nearly 60% of all outstanding mortgage balances have at least a 0.5% incentive to refinance.
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