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Thursday, January 30, 2020

"Mortgage Rates Basically at Best Levels Since 2016"

by Calculated Risk on 1/30/2020 04:30:00 PM

From Matthew Graham at MortgageNewsDaily: Mortgage Rates Basically at Best Levels Since 2016

Mortgage rates improved again today as the market continued to react to updates on the coronavirus outbreak. For top tier scenarios, the average lender is now offering rates not seen since 2016, with the slight exception of a few hours during the beginning of September 2019. Even then, today's rates at least match Sept 2019's rates on average. In other words, today is tied for the lowest levels in more than 3 years. [Today's Most Prevalent Rates For Top Tier Scenarios 30YR FIXED - 3.5 -3.625%]
Mortgage Rates Click on graph for larger image.

This graph from Mortgage News Daily shows mortgage rates since January 2011.

Not far from the record low levels of late 2012.

This graph is interactive, and you could view mortgage rates back to the mid-1980s - click here for interactive graph.