Mortgage Rates 10-5-2020 Lender411

By Lydia Lender Updated on 10/5/2020

The delinquency rate in late summer was 6.88%. That's 3.6% above the pre-pandemic level, however down 0.03% month-over-month. The change from July to August change was less than the changes from June and July, indicating improvement may be slowing. Caution! This change does not mean that more borrowers are struggling financially. Rather, it hints that the problem is becoming persistent.

 

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30-year (FRM) rates at 2.99% (-0.05%)

15-year (FRM) rates at 2.36% (-0.26%)

FHA 30-year Fixed rates at 2.35% (-0.03%)

Jumbo 30-year Fixed rates at 3.35% (-0.03%)

5/1 ARM rates at 2.75% (-0.02%)