RANDOLPH, NJ- This morning is a great example of just how quickly mortgage rates can change. An unexpectedly strong employment report has lifted stocks and hurt the mortgage backed securities this morning. We are already seeing higher mortgage rates compared to yesterday (see report below). All said, mortgage rates remain at historic lows, making this a great time to buy or refinance.

Mortgage rates ticked up slightly this week. The U.S. average 30 Year Fixed Rate Mortgage rose 0.03 to 3.18% with 0.7 Fees / Points as of June 4, 2020. 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.

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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.