Weekly Mortgage Watch – March 26, 2020

March 26, 2020 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

  • 30 Year Mortgage Rate decreased at 3.50% compared to 3.65% last week. The 30 year rock bottom rate touched in last 10 years is 3.57%
  • 15 Year Mortgage Rate decreased to 2.92% compared to 3.06% last week. The 15 year rock bottom rate touched in last 10 years is 2.76%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.34% compared to 3.11% last week. The 15 year rock bottom rate touched in last 10 years is 2.68%
  • Rates are still low. Purchase or Refinance before rates move up further

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