This Weeks Mortgage Update

Dated: September 8 2020

Views: 133

Mortgage rates remain historically low as we enter September. The latest numbers from Freddie Mac show that the average for a 30-year fixed-rate mortgage is standing at 2.93%, relatively unchanged from last week. Freddie Mac economists noted this week that as the yield on the benchmark 10-year Treasury note increases, mortgage spreads are still declining which helps keep rates low. However, if Treasury yields continue to increase, it might be difficult for rates to stay this low much longer. 

Stay tuned for more updates!

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