Rates continue to remain near historic lows which is driving purchase demand over 20 percent above a year ago.

U.S. Weekly Averages as of 07/30/2020

The U.S. average 30 Year Fixed Rate Mortgage dropped 0.02 this week to 2.99% with 0.8 Fees/Points as of July 30, 2020. The 15 Year Fixed Rate declined by 0.3 to 2.51% with 0.7 Fees/Points. This information is posted weekly by Freddie Mac and can be found at www.freddiemac.com.

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If you are interested in refinancing your mortgage or, if you are purchasing a home, please call or text me at (201)715-2251 or, email me at: Lbodnar@plsmtg.com.

Note: Mortgage rates are based on factors including, but not limited to, credit score, loan amount, loan to value ratio, loan term and loan purpose. Rates are volatile and subject to change without notice based on market conditions. The prevailing rate can be locked in at the time of application.

Leigh Bodnar -Mortgage Loan Originator – NMLS #192707

This advertisement is for first mortgages only and subject to credit and lenders approval. Private Lending Services is a licensed mortgage broker in NJ, PA and FL. The office address is 878 Pompton Ave with NMLS number 1671676. Mortgage brokers are not empowered to make mortgage loans. Your Actual rate, payment and costs could be HIGHER. Get an official Loan Estimate before choosing a loan.