First Time Home Buyers
Stocks are recovering slightly this morning after a miserable week last week and it’s caused rates to drift only slightly higher. On this week’s mortgage rate predictions, we are focused on one thing: Wednesday’s Federal Open Market Committee press release.
There are big reports on housing, consumer confidence and GDP hits Friday, but in a Fed week nothing else matters. There are eight meetings per year and they are among the eight most volatile trading sessions every year as well.
Current Mortgage Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 1.28% | 4.927% |
| 4.875% | 0.51% | 4.987% |
| 5.000% | 0.00% | 5.060% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.625% | 1.21% | 4.794% |
| 4.750% | 0.32% | 4.845% |
| 4.875% | 0.00% | 4.913% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.62% | 4.365% |
| 4.375% | 0.00% | 4.428% |
| 4.500% | 0.00% | 4.511% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.875% | 1.00% | 4.018% |
| 4.000% | 0.67% | 4.117% |
| 4.125% | 0.35% | 4.216% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.250% | 1.23% | 3.404% |
| 3.375% | 0.91% | 3.504% |
| 3.500% | 0.58% | 3.605% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 1.42% | 5.677% |
| 4.875% | 0.79% | 5.747% |
| 5.000% | 0.00% | 5.782% |
| Assumptions | ||
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