Best Mortgage & Refinance Rates for June 1, 2020

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With mortgage rates setting a new record low last week, real estate markets across the country continue on a slow path to recovery, with some markets experiencing a faster turn around than others.

Cities such as Seattle, Austin, and Washington D.C. have bounced back fairly quickly from their mid-April pandemic-related lows, according to Forbes Magazine, thanks in part to the tech industries in the area which weren’t as affected by the furloughs and layoffs that hit other industries such as retail and food and beverage. According to data from Redfin, a Seattle-based real estate brokerage, consistently low mortgage rates have spurred home-buying demand to a level 17% higher than pre-COVID levels for the week ending May 17. (Figures are from before current unrest began across the country.)


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