Interest Rate Update Today 07-09-2020 Fabulous low rates!
07/09/20(most recent)AverageRatePoints& FeesMargin 30-Year Fixed Rate3.03%0.8N/A 15-Year Fixed Rate2.51%0.8N/A 5/1
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Interest Rate Update Today 07-09-2020 Fabulous low rates!
Dated: July 9 2020
Views: 72
| | 07/09/20 (most recent)| Average Rate| Points & Fees| Margin ---|---|---|--- 30-Year Fixed Rate| 3.03%| 0.8| N/A 15-Year Fixed Rate| 2.51%| 0.8| N/A 5/1-Year ARM| 3.02%| 0.3| 2.75
| 07/02/20 (previous week)| Average Rate| Points & Fees| Margin ---|---|---|--- 30-Year Fixed Rate| 3.07%| 0.8| N/A 15-Year Fixed Rate| 2.56%| 0.8| N/A 5/1-Year ARM| 3.00%| 0.3| 2.75
| “The summer is heating up as record low mortgage rates continue to spur homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.”
– Sam Khater, Chief Economist, Freddie Mac
Gary Simmens
Licensed since 18 years young, and a broker honors in NJ since his early 20`s, Gary has now, over 44 years experience, diversified in all aspects in real estate, including owning two offices and ma…
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