Mortgage Rates Today, September 1, 2020 | Rates rise
Several key mortgage rates increased today. The average for a 30-year fixed-rate mortgage cruised higher, but the average rate on a 15-year fixed decreased. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, inched up.
Mortgage rates change daily, but they remain much lower overall than they were before the Great Recession. If you’re in the market for a mortgage, it could be a great time to lock in a rate. Just don’t do so without shopping around first.
