Mortgage Rates Reach All-Time Low - April 30, 2020

The size and depth of the secondary mortgage market is helping to keep rates at record lows.  These low rates are driving higher refinance activity and have modestly helped improve purchase demand from their extremely low levels in mid-April.  While many people are benefiting from low mortgage rates, it's important to remember that not all people are able to take advantage of them given the current pandemic.