mortgage rates september 3 2020 freddie mac

Mortgage Rates Remain Relatively Flat

September 3, 2020

Mortgage rates have remained effectively flat or at near record lows for the last month. However, there are some interesting compositional shifts as the 10-year Treasury rate has increased modestly over the past month while mortgage spreads have declined. Spreads may decline even further but the rise in Treasury rates will make it difficult for mortgage rates to fall much more over the next few weeks.

The notable item here is that with rates as low as they are, buyers have way more purchasing power than they have ever had.   Here is what Mortgage Daily News had to say

 

“Those shopping for a home can afford 10 percent more home than they could have one year ago while keeping their monthly payment unchanged. This translates into nearly $32,000 more buying power.” Mortgage Daily News

 

Homeowners are the clear winners. Low mortgage rates mean the cost of owning is at historically low levels and who gains all the benefits of strong house price appreciation? Homeowners.” Forbes

mortgage rates september 3 2020 freddie mac
Click to enlarge

 

Related Articles

Homebuyer Demand Is Far Above Last Year’s Pace

Weekly Review of Greater Boston Real Estate Market

Builders & Realtors Agree: Real Estate Is Back

Forbearance Numbers Are Lower than Expected

Sellers Are Returning to the Housing Market

Just How Strong Is the Housing Recovery?

 

You Might Be Shocked to Find Out How Much Money There is in Your House

Get the value of your home now at www.yourequityfinder.com

Search for Your Dream Home

  1. 5 beds, 4 full baths
    Home size: 3,560 sq ft
    Lot size: 40,075 sqft
    Year built: 2019
    Parking spots: 12
    Days on market: 3
    Walk Score®: 8
    Listed with Bel Air Properties
  2. 2 beds, 2 full, 1 half baths
    Home size: 2,221 sq ft
    Lot size: 11.60 ac
    Year built: 2020
    Parking spots: 4
    Days on market: 3
    Walk Score®: 44
    Listed with Coldwell Banker Realty - Westwood
  3. 4 beds, 2 full, 1 half baths
    Home size: 2,674 sq ft
    Lot size: 12,000 sqft
    Year built: 1996
    Parking spots: 6
    Days on market: 4
    Walk Score®: 6
    Listed with Keller Williams Realty Boston-Metro | Back Bay
  4. 4 beds, 4 full, 3 half baths
    Home size: 7,234 sq ft
    Lot size: 1.94 ac
    Year built: 1999
    Parking spots: 9
    Days on market: 5
    Walk Score®: 3
    Listed with Coldwell Banker Realty - Westwood
  5. 5 beds, 5 full, 2 half baths
    Home size: 5,758 sq ft
    Lot size: 2.00 ac
    Year built: 2002
    Parking spots: 11
    Days on market: 5
    Walk Score®: 8
    Listed with Coldwell Banker Realty - Westwood

See all Century 21 Realtor in city of Westwood - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. 5 beds, 5 full, 2 half baths
    Home size: 8,575 sq ft
    Lot size: 3.00 ac
    Year built: 2004
    Parking spots: 9
    Days on market: 215
    Walk Score®: 6
    Listed with Dover Country Properties Inc.
  2. 3 beds, 2 full, 1 half baths
    Home size: 2,510 sq ft
    Lot size: 13.72 ac
    Year built: 1962
    Parking spots: 8
    Days on market: 297
    Walk Score®: 8
    Listed with Mathieu Newton Sotheby's International Realty

See all Century 21 Realtor in city of Sherborn - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. $2,900,000 : 78 Morton Rd, Milton
    6 beds, 4 full, 1 half baths
    Home size: 5,737 sq ft
    Lot size: 19,580 sqft
    Year built: 1795
    Parking spots: 10
    Days on market: 4
    Walk Score®: 79
    Listed with William Raveis R.E. & Home Services
  2. 6 beds, 4 full, 1 half baths
    Home size: 7,970 sq ft
    Lot size: 5.57 ac
    Year built: 1920
    Parking spots: 9
    Days on market: 107
    Walk Score®: 8
    Listed with Douglas Elliman Real Estate

See all Century 21 Realtor in city of Milton - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.


  1. 3 beds, 3 full baths
    Home size: 1,839 sq ft
    Year built: 2020
    Parking spots: 2
    Days on market: 2
    Walk Score®: 98
    Listed with The Quinn
  2. 4 beds, 4 full, 1 half baths
    Home size: 4,500 sq ft
    Lot size: 2,200 sqft
    Year built: 1880
    Parking spots: 3
    Days on market: 2
    Walk Score®: 98
    Listed with Brokers Collaborative
  3. 4 beds, 3 full baths
    Home size: 2,473 sq ft
    Lot size: 1,079 sqft
    Year built: 1880
    Parking spots: 3
    Days on market: 3
    Walk Score®: 97
    Listed with Gibson Sotheby's International Realty
  4. 3 beds, 3 full, 1 half baths
    Home size: 2,845 sq ft
    Year built: 1890
    Parking spots: 2
    Days on market: 3
    Walk Score®: 78
    Listed with Boston Realty Advisors
  5. 3 beds, 3 full baths
    Home size: 2,189 sq ft
    Year built: 1890
    Parking spots: 2
    Days on market: 3
    Walk Score®: 78
    Listed with Boston Realty Advisors

See all Century 21 Realtor in city of Boston - 617-615-9435.
(all data current as of 9/26/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

Chat with Mike Live Now

More posts

2 responses to “Mortgage Rates Remain Relatively Flat

Comments are closed.