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Mortgage rates have sunk to near record lows in early 2020, as a series of interest rate cuts from the Federal Reserve and recent jitters in the bond market have made borrowing more attractive. Our expert has some timely advice on what this means for homeowners and would-be borrowers.

Bankrate’s data show that the current average 30-year mortgage has fallen to around 3.7 percent, so it seems like an ideal time for new borrowers as well as those looking to refinance.

And with the average borrower paying more than 4.4 percent, according to a recent Bankrate survey, it looks like many homeowners can save thousands by refinancing. And of course, new borrowers may be able to lock in a rate that’s among the lowest ever offered.  Read more