
09/13/2024
Don't let bu****it like this meme sway you. Do your homework.
On November 5, 2020, both mortgage rates and gas prices were influenced by the economic uncertainty surrounding the COVID-19 pandemic:
- **Mortgage Rates**: The average 30-year fixed mortgage rate in early November 2020 was around **2.78%**. Rates were at historic lows due to the Federal Reserve’s efforts to support the economy during the pandemic.
- **Gas Prices**: The national average gas price on November 5, 2020, was approximately **$2.11 per gallon**. Gas prices were lower than usual because of reduced demand due to COVID-19 lockdowns and travel restrictions.
These numbers varied regionally, but these averages give a general sense of the situation during that period.