The MBA announced that access to mortgage credit improved last month. That's the first improvement we've seen in several months; however, it's still below pre-pandemic levels. With talks of the second stimulus package circulating once more, continued improvement is expected.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 2.80% (-0.02%)
15-year (FRM) rates at 2.38% (+0.01%)
FHA 30-year Fixed rates at 2.35% (-0.03%)
Jumbo 30-year Fixed rates at 3.17% (-0.01%)
5/1 ARM rates at 2.52% (+0.02%)
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RBS Citizens
Clifton Park, NY