Weekly Mortgage Watch – February 06, 2020

February 06, 2020 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates
  • 30 Year Mortgage Rate decreased at 3.45% compared to 3.51% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%
  • 15 Year Mortgage Rate decreased at 2.97% compared to 3.00% last week. The 15 year rock bottom rate touched in last 10 years is 2.77%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.32% compared to 3.24% last week. The 15 year rock bottom rate touched in last 10 years is 2.63%
  • Rates are still low. Purchase or Refinance before rates move up further

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