Mortgage rates nose-dive toward all-time lows as a refinance fee is ended

Mortgage rates have done what might have seemed unthinkable a few months ago: They’ve dropped back to within shouting distance of their recent record lows.

When 30-year fixed mortgage rates spiked during the spring, there were predictions that the economy’s recovery from COVID could push rates as high as 4% this year. But now, they’re deep beneath 3% once again — and are offering hefty savings to homebuyers and refinancing homeowners.