Interest Rate Update During The Coronavirus Pandemic --Rates Down Some - By Gary Simmens

Dated: 04/02/2020

Views: 83

04/02/20
(most recent)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

3.33%

0.7

N/A

 15-Year Fixed Rate

2.82%

0.6

N/A

 5/1-Year ARM

3.40%

0.3

2.75

03/26/20
(previous week)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

3.50%

0.7

N/A

 15-Year Fixed Rate

2.92%

0.6

N/A

 5/1-Year ARM

3.34%

0.3

2.75

“Mortgage rates have drifted down for two weeks in a row and that drop reflects improvements in market liquidity and sentiment. While the market has stabilized relative to prior weeks, homebuyer demand has declined in response to current economic conditions. The good news is that the pending economic stimulus is on the way and will provide support for both consumers and businesses.”

– Sam Khater, Chief Economist, Freddie Mac

1 comments in this topic

  • Posted by Gary Simmens
    04/02/2020
    Thanks for the update! Greg...

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