Fannie Mae has updated its forecast for the third-quarter gross and now expects growth at an annualized speed of 30.4%. Experts agree that change had slowed from May and June when restrictions for businesses lifted somewhat. This more recent data points to a sustained recovery.
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30-year (FRM) rates at 3.04% (+0.02%)
15-year (FRM) rates at 2.65% (+0.012%)
FHA 30-year Fixed rates at 2.40% (+0.02%)
Jumbo 30-year Fixed rates at 3.45% (-0.05%)
5/1 ARM rates at 2.95% (+0.16%)
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Clifton Park, NY