RANDOLPH, NJ- Freddie Mac’s headline on Thursday, July 2nd was “Mortgage Rates Hit All-Time Record Low Heading Into Holiday Weekend”. By the time they published their market survey, positive employment figures were released nudging rates a little higher. That being said, we have been hovering at, or near, record lows for the past several weeks.

U.S. Weekly Averages as of 07/02/2020

Mortgage rates declined last week. The U.S. average 30 Year Fixed Rate Mortgage dropped 0.06 to 3.07% with 0.8 Fees / Points as of July 2nd, 2020. This information is posted weekly by Freddie Mac and can be found at www.freddiemac.com.

Sign Up for Randolph Newsletter
Our newsletter delivers the local news that you can trust.

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.