Mortgage Rates 6-01-2020 Lender411

By Joy Green Updated on 6/1/2020

To start the new month, and end last month of the Q2, mortgage rates are holding steady near the new all-time-lows, as seen in the last 2 weeks. The bond market benefited from strong demand at the end of May. The higher the demand, the higher the prices, and higher bond prices equate to lower mortgage rates.

 

 

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30-year (FRM) rates at 3.07% (+0.02%)

15-year (FRM) rates at 2.71% (+0.01%)

FHA 30-year Fixed rates at 2.70% (+0.02%)

Jumbo 30-year Fixed rates at 4.30% (0.00%)

5/1 ARM rates at 3.33% (+0.01%)