Holiday season--Great time to buy or sell or refi a property- Check out the low rates!---by Gary Simmens

Dated: December 10 2020

Views: 84

Weekly Mortgage Market Report
for the week ending on December 10, 2020

Supporting Image

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

12/10/20
(most recent)

Trending

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

 even

2.71%

0.7

N/A

 15-Year Fixed Rate

 even

2.26%

0.6

N/A

 5/1-Year ARM

▼ down

2.79%

0.3

2.75

12/3/20
(previous week)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

2.71%

0.7

N/A

 15-Year Fixed Rate

2.26%

0.6

N/A

 5/1-Year ARM

2.86%

0.3

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 Remain Flat

“Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher. Mortgage spreads – the difference between mortgage rates and the 10-year Treasury rate – are declining from their elevated levels earlier this year. Although today's mortgage spread is about 1.8 percent and still has some room to move down if the 10-year Treasury continues to rise, it's encouraging to see that the spread is almost back to normal levels.”

– Sam Khater, Chief Economist, Freddie Mac

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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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Holiday season--Great time to buy or sell or refi a property- Check out the low rates!---by Gary Simmens

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