U.S. Weekly Averages as of September 10th 2020

The U.S. average 30 Year Fixed Rate Mortgage decreased 0.07 this week to 2.86% with 0.7 Fees/Points as of August 27, 2020. The 15 Year Fixed Rate moved lower by 0.05 to 2.37% with 0.7 Fees/Points. This information is posted weekly by Freddie Mac and can be found at www.freddiemac.com. Refinance rates may be a little higher starting Monday, September 14th, as lenders begin to incorporate the Adverse Market Refinance Fee imposed by the Federal Housing Finance Agency (FHFA).

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, send an email to Lbodnar@plsmtg.com.

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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.