It was well known in the real estate market, due to effects of COVID-19, March pending home sales would take a nose dive. Well NAR has reported its PHSI dropped 20.8%, 16.3% below its level in March 2019.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.22% (-0.01%)
• 15-year (FRM) rates at 3.08% (-0.02%)
• FHA 30-year Fixed rates at 3.50% (+0.05%)
• Jumbo 30-year Fixed rates at 4.41% (-0.01%)
• 5/1 ARM rates at 4.00% (-0.12%)
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