Home Mortgage rates nearly half of what they were….
Blake A. Vartanian, DRE #00871999
Home Mortgage rates nearly half of what they were prior to and in the Great Recession (per Google 7:30 am 5/15/2020 PST)
|Year||Lowest Rate||Average Rate|
There is at least one source on Yahoo Finance quoting as low as 2.75% for a 30 year conforming fixed rate mortgage with no points.
|Conventional 30 yr. Fixed||3.375||3.375||Unchanged|
|Conventional 15 yr. Fixed||3.125||3.125||Unchanged|
|Conventional 5 yr. ARM||3.5||3.5||Unchanged|
|30 year fixed FHA||2.75||3.73||Unchanged|
|15 year fixed FHA||2.75||3.694||Unchanged|
|5 year ARM FHA||4||3.847||+0.01%|
|30 year fixed VA||2.75||2.926||Unchanged|
|15 year fixed VA||2.75||3.076||Unchanged|