Mortgage Rates 7-17-2020 Lender411

By Lydia Lender Updated on 7/20/2020

Mortgage rates went lower this morning as we caught up with a favorable bond market and investor's eagerness to buy them. The most logical reason for this is the Federal Reserve leading the way with billions of dollars worth of bond purchases every day.

 

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30-year (FRM) rates at 2.91% (+0.02%)

15-year (FRM) rates at 2.60% (+0.02%)

FHA 30-year Fixed rates at 2.50% (0.00%)

Jumbo 30-year Fixed rates at 3.85% (0.00%)

5/1 ARM rates at 2.75% (0.00%)