Mortgage Rates 8-19-2020 Lender411

By Lydia Lender Updated on 8/19/2020

Refinancing dominated mortgage originations in July, but the gap between purchase loans and refis beginning to close. Ellie Mae's Origination Insight Report for July shows refinances were at 54%, slightly down from 58% in June. However, purchase loans increased to 46%, up from 42%.

 

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30-year (FRM) rates at 3.12% (0.00%)

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

FHA 30-year Fixed rates at 2.38% (0.00%)

Jumbo 30-year Fixed rates at 3.65% (-0.03%)

5/1 ARM rates at 2.95% (0.30%)