Mortgage rates return to record low

The benchmark 30-year fixed rate mortgage averaged 2.81% percent with an average 0.6 points / origination for the week ending October 15, 2020, down from last week when it averaged 2.87%, according to the weekly survey by Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.69% percent. The 15-year fixed fell to 2.35%.

This means now is a great time to buy a home!

One place to start is right here at Cambria Mortgage. We make it easy, just go to our Quick Start Purchase Assistance page

Note these rates are national averages, and your individual quote may vary based on your personal situation, loan type, credit score, etc., but this gives you an idea of where mortgage rates are trending.

Still wondering if you should Rent or Buy?  Click here to find out.

This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Rates, points and programs are subject to change without notice and cannot be guaranteed, nor is it a guaranty of loan approval. The information here may not be up-to-date and may no longer be accurate.  Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. NMLS 274132