For the last 3 days, mortgage rates have continued to jump higher (slowly) day-by-day. Investors have been responding to updates in the news about the spread of the coronavirus outbreak and the actions government’s been taking.
The coronavirus is the main reason for the drop in rates over the last 3 weeks.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.54% (+0.05%)
• 15-year (FRM) rates at 3.19% (+0.05%)
• FHA 30-year Fixed rates at 3.35% (+0.15%)
• Jumbo 30-year Fixed rates at 3.65% (+0.06%)
• 5/1 ARM rates at 3.34% (+0.01%)
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