RANDOLPH, NJ- U.S. Weekly Averages as of October 22nd, 2020

Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so. Mortgage rates today are, on average, more than a full percentage point lower than rates over the last five years. This means that most people who purchased a home during the last few years stand to benefit by exploring refinancing to lower their monthly payment

The U.S. average 30 Year Fixed Rate Mortgage decreased this week by 0.01 to 2.8% with 0.6 Fees/Points as of October 22, 2020. The 15 Year Fixed Rate moved higher by 0.02 to 2.33% with 0.6 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 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.