Home Mortgage rates nearly half of what they were….

Posted

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)

 

YearLowest RateAverage Rate
20094.71%5.04%
20085.10%6.03%
20075.96%6.34%
20066.10%6.41%

 

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. 


   
ProgramRateAPR*Change
Conventional 30 yr. Fixed3.3753.375Unchanged
Conventional 15 yr. Fixed3.1253.125Unchanged
Conventional 5 yr. ARM3.53.5Unchanged
30 year fixed FHA2.753.73Unchanged
15 year fixed FHA2.753.694Unchanged
5 year ARM FHA43.847+0.01% 
30 year fixed VA2.752.926Unchanged
15 year fixed VA2.753.076Unchanged