Mortgage Rates 8-3-2020 Lender411

By Lydia Lender Updated on 8/5/2020

After nearly 100 consecutive months, record-low mortgage rates alter homeownership and make it the most affordable since 2016. While many areas, mainly coastal properties, remain out of reach for low and middle-income earners, the overall market sees the strongest affordability in more than two years

 

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30-year (FRM) rates at 2.87% (-0.01%)

15-year (FRM) rates at 2.50% (0.00%)

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

Jumbo 30-year Fixed rates at 3.72% (0.00%)

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