Interest Rates Drop for 12th time-- Update Today 11-06-2020 Fabulous low rates! by Gary Simmens

Dated: November 6 2020

Views: 21

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

11/05/20
(most recent)

Trending

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

▼ down

2.78%

0.7

N/A

 15-Year Fixed Rate

 even

2.32%

0.6

N/A

 5/1-Year ARM

▲ up

2.89%

0.3

2.75

10/29/20
(previous week)

Average
Rate

Points
& Fees

Margin

 30-Year Fixed Rate

2.81%

0.7

N/A

 15-Year Fixed Rate

2.32%

0.6

N/A

 5/1-Year ARM

2.88%

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 Decrease Again

“Mortgage rates hit another record low, the twelfth time this year, due to economic and political ambiguity. Despite the uncertainty that we’ve all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot.”

– 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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