Rates remain TERRIFIC! We had relative stability this week in terms of interest rates, and hopefully they will continue to be this low throughout the holiday and even beyond.
These rates are typical for the borrower with 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 3.75% for all loans up to $729,750-this is amazing.! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.75% with 1 Point
5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.75% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.0% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.75% with 1 Point
