Weekly Mortgage Watch – January 30, 2020

January 30, 2020 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased at 3.51% compared to 3.60% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%
  • 15 Year Mortgage Rate decreased at 3.00% compared to 3.04% last week. The 15 year rock bottom rate touched in last 10 years is 2.81%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.24% compared to 3.28% last week. The 15 year rock bottom rate touched in last 10 years is 2.70%
  • Rates are still low. Purchase or Refinance before rates move up further

 

 

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