Mortgage Rates Remain at Historic Lows

Freddie Mac released their weekly Prime Mortgage Market Survey this morning showing that mortgage rates continue to be extremely low.


There are many factors that are causing mortgage rates to remain this low, including increased concern over the coronavirus. Hopefully the virus is contained soon…once that happens, we may see rates return to a more normal level.  Also, with this being an election year, if a Democrat is elected to be our next President, we may see mortgage rates move higher.

Mortgage rates are subject to change…in fact, the mortgage rates posted from Freddie Mac’s PMMS report are an average from last week. Please click here for current mortgage rates based on your personal scenario.

Bottom line, rates are at three year lows making it a great time to refinance or if you’re in the market, buy a home. Most of my clients are dropping their monthly payments significantly which helps them pay off debts or build up savings. If your home is located anywhere in Washington state, where I’m licensed, I would love to help you with your mortgage!

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