Worried About Rates

Dated: October 20 2020

Views: 37

Mortgage rates move and it may have nothing to do with any news headlines.  The bond market drives mortgage rates. 


Mortgage Loan Perspective

The market will continue to change so lock in your rate with your lender.  Shop lenders and pay attention to points beyond the quoted rate.

 

Current Mortgage and Refinance Rates (as of 10/20/2020)
ProductInterest RateAPR
30-Year Fixed-Rate Jumbo3.0%3.034%
15-Year Fixed-Rate Jumbo2.625%2.722%
7/1 ARM Jumbo2.25%2.517%
10/1 ARM Jumbo2.5%2.593%
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Dwight & Karen Cook

BRILLIANT Real Estate Team, Technology Driven but Customer Focused. Let's Talk!....

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