Mortgage rates slid to the lowest point since February, as concerns grow about the rise of the delta variant of the virus that causes COVID-19.
The 15-year fixed-rate mortgage held steady at an average of 2.1%, an all-time low. Meanwhile, the 5-year Treasury-indexed hybrid adjustable-rate mortgage fell by five basis points to an average of 2.4%. Investors’ hesitancy to make big moves in light of rising COVID-19 cases involving the more infectious delta variant, however, is good news for home buyers and anyone looking to make a last-ditch refinance.
Not much income when the borrower is dead from the virus!
Volatility across the board will be blamed on variant.. the mandates are worse than the bug
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