Mortgage rates are now at historic lows with 30 Year Fixed Rate Mortgages below previous historic lows in 2012. There continues to be a lack of supply in jumbo mortgages with many lenders deciding to stop lending on larger mortgage loans, as well as tightening of lending standards.
Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.
(dynamic chart with current info)