Mortgage Rates 7-9-2020 Lender411

By Lydia Lender Updated on 7/9/2020

Uncertainty continues to be the defining factor for mortgage rates and the entire economy, for that matter. Given this, understand that there’s risk whether choosing to lock or float. However, rare is the rate that locking in at an all-time low is a terrible idea.  

 

 

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30-year (FRM) rates at 2.91% (-0.01%)

15-year (FRM) rates at 2.62% (0.00%)

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

Jumbo 30-year Fixed rates at 3.95% (0.00%)

5/1 ARM rates at 2.88% (0.00%)