Weekly Mortgage Watch – April 16, 2020

April 16, 2020 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

  • 30 Year Mortgage Rate decreased at 3.31% compared to 3.33% last week. The 30 year rock bottom rate touched in last 10 years is 3.41%
  • 15 Year Mortgage Rate increased to 2.80% compared to 2.77% last week. The 15 year rock bottom rate touched in last 10 years is 2.64%
  • 5/1 Adjustable Rate Mortgage Rate decreased at 3.34% compared to 3.40% last week. The 15 year rock bottom rate touched in last 10 years is 2.60%
  • Rates are still low. Purchase or Refinance before rates move up further

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