Weekly Mortgage Watch – March 03 2016

Weekly Mortgage Watch - March 03 2016

March 03 2016 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate increase at 3.64% compared to 3.62% last week . The 30 year rock bottom rate touched in last 10 years is 3.51%
  • 15 Year Mortgage Rate also increase at 2.94% compared to 2.93% last week. The 15 year rock bottom rate touched in last 10 years  is 2.76%
  • 5/1 Adjustable Rate Mortgage Rate is at 2.84%, compared to 2.79% last week. The 5 year rock bottom rate touched in last 10 years  is 2.61%
  • Rates are still close to their lowest levels reached in last 10 years

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