Weekly Interest Rate Report by REALTOR® Gary Simmens

Dated: 04/23/2020

Views: 213

Weekly Interest Rate Report by Gary Simmens Realtor with KW - 
CONVENTIONAL INTEREST RATES ONLY this is for buyers with a 720 FICO score
on average. Lower FICO may be higher some. Higher FICO may be lower some.
 
04/23/20
(most recent)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate
3.33%
0.7
N/A
 15-Year Fixed Rate
2.86%
0.7
N/A
 5/1-Year ARM
3.28%
0.3
2.75
04/16/20
(previous week)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate
3.31%
0.7
N/A
 15-Year Fixed Rate
2.80%
0.7
N/A
 5/1-Year ARM
3.34%
0.3
2.75
“Mortgage rates have stabilized over the last few weeks as the market searches for direction in the fog of economic data. While financial markets initially rallied on the news of Federal Reserve support and are improving due to the Senate’s passage of a new small business stimulus, we continue to see a deep economic contraction amidst uncertainty about the recovery formation.”
– Sam Khater, Chief Economist, Freddie Mac
 
Here to help when your ready, just call my cell below. Stay safe and well.  Gary.
Gary D. Simmens   Broker/Associate  40 Plus Years Experience.
NJAR Distinguished Sales Club and Top 10 Honors Award.
Keller Williams Atlantic Shore Realtors    Office: 609-484-9890   
Direct line: 609-338-1339 cell  Email: SimmensRealtor@gmail.com
Helpful Website: http://www.GarySimmens.com

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