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%
Blog author image

Dwight & Karen Cook

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

Latest Blog Posts

A Timeline to Prep Your Home for Sale - Seller’s Checklist

We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare

Read More

These 3 Real Estate Investment Types are a Hedge Against Inflation

Real estate investing can help you beat inflation.But where should you invest your money? What kind of real estate is most valuable? Here are three investment types to consider: PRIMARY RESIDENCE:

Read More

Popular Home Design in 2022

Popular Home Design 2022There’s a lot to consider when selling your home, from the market and appraisals to where you’ll go next. Don’t forget, however, that design is also a key

Read More

Normal? The State of Real Estate in 2022

Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021

Read More