Below are some great rates for the week. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.25% for all loans up to $729,750 with a 3.5% down payment-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.5% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 4.625% with 1 Point
30 Year Fixed Jumbo---$729,751 to $2,000,000 with 30% Down: 4.875% with 1 Point; 5.5% with 20% Down
5/1 ARM Jumbo---5.125% with 1 Point
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 4.625% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.25% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 4.625% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.25% with 1 Point
