Interest Rate Update--All time lows now!

Dated: June 25 2020

Views: 92

LOW MORTGAGE INTEREST RATES AS OF THURSDAY 06/25/2020

06/25/20
(most recent)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

3.13%

0.8

N/A

 15-Year Fixed Rate

2.59%

0.8

N/A

 5/1-Year ARM

3.08%

0.5

2.75

06/18/20
(previous week)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

3.13%

0.8

N/A

 15-Year Fixed Rate

2.58%

0.8

N/A

 5/1-Year ARM

3.09%

0.4

2.75

“After the Great Recession, it took more than ten years for purchase demand to rebound to pre-recession levels, but in this crisis, it took less than ten weeks. The rebound in purchase demand partly reflects deferred sales as well as continued interest from prospective buyers looking to take advantage of the low mortgage rate environment.”

– 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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