Benchmark 30-year mortgage rate falls to another all-time low

Published by on June 17, 2020

Mortgage rates reached a new all-time low last week. The benchmark 30-year fixed-rate mortgage dipped to 3.43 percent, a new record, according to Bankrate’s weekly survey of large lenders. This is the third week in a row that rates have fallen to a new low.

The 30-year fixed-rate mortgages in this week’s survey had an average total of 0.28 discount and origination points.

Over the past 52 weeks, the 30-year fixed has averaged 3.79 percent. This week’s rate is 0.34 percentage points lower than the 52-week average.

  • The 15-year fixed-rate mortgage fell to 2.79 percent from 2.80 percent.
  • The 5/1 adjustable-rate mortgage rose to 3.47 percent from 3.39 percent.
  • The 30-year fixed-rate jumbo mortgage fell to 3.83 percent from 3.85 percent.

So where are rates headed? Continue Reading

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