November 20, 2020 | Market Update

Market News 11-20-2020

Mortgage Market Update

2020 Keeps Breaking Records Reasons

Mortgage rates fell to a new low last week, marking the twelfth time this year they smashed a record. The average interest rate on a 30-year fixed-rate mortgage dropped to 2.78%, according to Freddie Mac, and the 15-year fixed-rate mortgage fell to 2.32%. Incredibly, these rates may not be the lowest we will see over the next year. Some economists predict rates could fall even lower over the next 6 to 9 months if the Federal Reserve continues to prop up the economy and Treasury prices remain low.2

How to Stage a TV for Showings

Real estate professionals debate over where a television should go in the living room—or if it belongs there at all. To appeal to buyers, try to make the TV blend in naturally. Close cabinet doors to conceal a mounted TV. If your TV is too large to hide, consider displaying soundless images showing nature or peaceful scenery. An older television can make buyers think about the age of other appliances, remove outdated sets before showing the house.3

Sources: 2CNN, 3Realtor Magazine