As the market continues to be in a frenzy from economic threats due to the coronavirus. The numbers are increasing with those that have been effected, and virus is spreading globally. The DOW jumped over 400 points between yesterday and today, at an attempt at a rebound from last week’s drastic DOW fall.
The 10-year yield is falling (mortgage rates are following suite), which set the tone for mortgage rates better than any other mainstream rate.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.33% (-0.01%)
• 15-year (FRM) rates at 3.08% (-0.01%)
• FHA 30-year Fixed rates at 3.12% (0.00%)
• Jumbo 30-year Fixed rates at 3.48 (-0.01%)
• 5/1 ARM rates at 3.18% (-0.01%)
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