First Time Home Buyers
Mortgage rates lost ground last week, largely due to strong economic readings in nearly every report released last week.
Rates are trending higher. We know they’ll be higher when the Fed stops supporting them after March of next year. Home buyers who are purchasing in January to March versus April to June appear that they will be getting significantly better mortgage rates.
Current Interest Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.625% | 1.36% | 4.807% |
| 4.750% | 0.73% | 4.880% |
| 4.875% | 0.00% | 4.939% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.500% | 1.15% | 4.663% |
| 4.625% | 0.50% | 4.734% |
| 4.750% | 0.00% | 4.802% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.37% | 4.345% |
| 4.375% | 0.00% | 4.400% |
| 4.500% | 0.00% | 4.484% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.750% | 1.03% | 3.894% |
| 3.875% | 0.59% | 3.984% |
| 4.000% | 0.20% | 4.078% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.375% | 1.17% | 3.525% |
| 3.500% | 0.77% | 3.620% |
| 3.625% | 0.49% | 3.723% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.500% | 2.12% | 5.490% |
| 4.625% | 2.07% | 5.608% |
| 4.750% | 0.78% | 5.625% |
| Assumptions | ||
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