First Time Home Buyers
It has been moderately quite for mortgage rates today. There is very little on the economic calendar today.
Yesterday’s Alcoa and Chevron results struck fear in the stock market and bonds soared on the day. There’s not a lot to drive the market today so it should be the normal give & take between stocks and bonds. Tomorrow, we get set for Retail Sales and that will move the markets.
Current Mortgage Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.875% | 0.63% | 4.998% |
| 5.000% | 0.00% | 5.069% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 0.68% | 4.876% |
| 4.875% | 0.03% | 4.946% |
| 5.000% | 0.00% | 5.026% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.80% | 4.381% |
| 4.375% | 0.00% | 4.435% |
| 4.500% | 0.00% | 4.517% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.875% | 1.06% | 4.022% |
| 4.000% | 0.69% | 4.119% |
| 4.125% | 0.37% | 4.219% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.375% | 1.25% | 3.532% |
| 3.500% | 0.92% | 3.632% |
| 3.625% | 0.60% | 3.733% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 1.42% | 5.677% |
| 4.875% | 0.78% | 5.746% |
| 5.000% | 0.00% | 5.798% |
| Assumptions | ||
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