Mortgage Rates Fall To Another Record Low

The video discusses the current average mortgage rate of 2.8% for a 30-year fixed rate, which has decreased from 3.75% a year ago. It highlights the Federal Reserve's efforts to make home loans more affordable, resulting in increased home sales and new construction.

What is the current average rate for a 30-year fixed mortgage?

• 2.8%

• 3.0%

• 3.5%

• 3.75%

How much was the mortgage rate a year ago?

• 4.0%

• 3.75%

• 3.0%

• 2.5%

What has the Federal Reserve done to influence home loans?

• Increased interest rates

• Reduced loan terms

• Decreased interest rates

• Introduced new taxes

What effect has the Federal Reserve's actions had on the housing market?

• Decreased new construction

• Decreased home sales

• No change in the market

• Increased home sales and new construction

Who is the reporter summarizing the housing market trends?

• Jane Smith

• John Doe

• Alex Brown

• Gage Jackson