Worried About Rates

Dated: October 20 2020

Views: 0

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 Cook

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

Latest Blog Posts

Buying Virtually?

Now could be a great time to take advantage of our Virtual Home Buying Program! For several years we have helped buyers purchase homes without ever leaving the comfort and safety of your home. 

Read More

The Charm of an Existing Home

Prefer the Charm of an Existing Home?When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in

Read More

Identity Theft

How to Prevent Identity TheftOnly carry essential documents and cards with you.Avoid carrying extra credit cards, your Social Security card, birth certificate or passport with you outside the house

Read More

The point of points

If you’re financing a property purchase, you’ve probably come across the term points or discount points. Although there are other meanings, most often these terms refer to prepaid

Read More