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Mortgage Rates 3-30-2020 Lender411

By Joy Green Updated on 3/30/2020

The question on lenders minds right now is, how will the massive influx of forbearance requests coming in from homeowners effect the mortgage industry? Well, a good example can be referenced in a March 20th letter to the Federal Reserve Chairman, Jerome Powell, The Mortgage Bank Association estimates that, "if approximately one-quarter of borrowers avail themselves of forbearance for six months or longer, advancing demands on servicers could exceed $75 billion and could climb well above $100 billion."



Bookmark this page for mortgage rates:



• 30-year (FRM) rates at 3.50% (+0.10%)

• 15-year (FRM) rates at 3.50% (0.00%)

• FHA 30-year Fixed rates at 3.75% (+0.45%)

• Jumbo 30-year Fixed rates at 4.50% (0.00%)

• 5/1 ARM rates at 4.25% (0.00%)

About The Author:
Joy Green
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