LOOK! :) FABULOUS MONEY SAVING LOW INTEREST RATES! from Gary Simmens

Dated: October 23 2020

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      LOOK! :) FABULOUS MONEY SAVING LOW INTEREST RATES! See the homes for sale

at helpful website: www.GarySimmens.com   See the lower rates below!

Weekly Mortgage Market Report
for the week ending on October 22, 2020

Supporting Image

Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®

10/22/20
(most recent)

Trending

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

▼ down

2.80%

0.6

N/A

 15-Year Fixed Rate

▼ down

2.33%

0.6

N/A

 5/1-Year ARM

▼ down

2.87%

0.3

2.75

10/15/20
(previous week)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

2.81%

0.6

N/A

 15-Year Fixed Rate

2.35%

0.5

N/A

 5/1-Year ARM

2.90%

0.2

2.75

The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.

Mortgage Rates Continue to Trend Down

“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 low- and moderate-income borrowers who purchased during the last few years stand to benefit by exploring refinancing to lower their monthly payment.”

– Sam Khater, Chief Economist, Freddie Mac

Blog author image

Gary Simmens

Licensed since 18 years young, and a broker honors in NJ since his early 20`s, Gary has now, over 44 years experience, diversified in all aspects in real estate, including owning two offices and ma....

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