The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically-low levels 16 times over the past 12 months.

In fact, most industry observers believe rates will remain at the same low levels in 2021 as the Federal Reserve uses low rates as a weapon to combat the economic effects of the COVID-19 pandemic.

This means 2021 will still be a good time to purchase or refinance a home, according to Len Kiefer, Freddie Mac‘s deputy chief economist.

“There’s certainly a risk that rates details ⇒

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