Interest rates were slightly volatile again week, yet they are still terrific!
There was mixed economic news throughout 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 3.5% 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: 5.5% with 1 Point-great pricing
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: 3.5% 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: 3.5% with 1 Point
