Mortgage Rates 9-2-2020 Lender411

By Lydia Lender Updated on 9/2/2020

Mortgage rates noticeably improved these past few days, likely due to the delay of a new fee that was announced not too long ago  Ironically, that same fee may be the reason rates move higher. The fee we’re talking about applies to all refinances sold to Fannie Mae and Freddie Mac on or after December 1st.

 

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30-year (FRM) rates at 2.84% (-0.02%)

15-year (FRM) rates at 2.38% (-0.02%)

FHA 30-year Fixed rates at 2.45% (+0.03%)

Jumbo 30-year Fixed rates at 3.53% (-0.07%)

5/1 ARM rates at 2.85% (+0.10%)