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© Elaine Veenkamp | Dreamstime.com

As concerns over the coronavirus continue to deepen, mortgage rates just fell to their lowest levels on record.

Freddie Mac said Thursday the average 30-year fixed-rate mortgage tumbled to 3.29%, marking the lowest figure since record-keeping began in 1971.


The average 15-year fixed-rate now stands at 2.79%.

Bloomberg U.S. Housing Reporter Prashant Gopal said there is a degree of risk associated with the historically-low rates. 

Prashant Gopal spoke with KRLD's Chris Sommer about the drop.