U.S. Weekly Averages as of September 24th 2020
Last year, at this time, the average 30-Year Fixed Rate was at 3.64% and, the average 15-Year Fixed Rate was at 3.16%. What a difference a year makes. Mortgage rates have set a number of record lows over the last few months. While there is always the possibility that rates may decrease again, the recent trend is pointing towards a leveling off or, an increase. The U.S. average 30 Year Fixed Rate Mortgage increased this week by 0.03 to 2.90% with 0.8 Fees/Points as of September 24, 2020. The 15 Year Fixed Rate moved higher by 0.05 to 2.40% with 0.7 Fees/Points. This information is posted weekly by Freddie Mac and can be found at www.freddiemac.com.
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
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