Weekly Mortgage Watch – September 10 2015

Weekly Mortgage Watch - September 10 2015

September 10 2015 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30-year fixed-rate mortgage rate has been inching up for last 4 weeks.Rate stands at 3.90% this week. The 30 year rock bottom rate touched in last 10 years  is 3.55%
  • 15 Year Mortgage Rate has also been inching up for last 4 weeks.Rate stands at 3.1% this week. The 15 year rock bottom rate touched in last 10 years  is 2.86%
  • 5/1 Adjustable Rate Mortgage Rate is at 2.91%, compared to 2.93% last week. The 5 year rock bottom Rate touched in last 10 years  is 2.75%
  • Mortgage rates have been volatile in the past couple of weeks and it doesn’t look like this trend will change anytime soon.

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