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

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

     

    Supporting Image

    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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