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Mortgage Rates Plunge

It is certainly a small consolation but the stock market dive has also resulted in low mortgage rates not seen since November of last year. Call us for a pre-approval or refinance of your current mortgage and we will do all in our power to get your loan approved and funded while the rates are this low. On average, our turn time from application to funding is 20 days. Below are today’s rates. We also have Super Jumbo products (up to $2,000,000) priced in the mid 3% range! Call us for a quick quote.

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Current Conforming RatesPrimary residences only (Pmyts based on a average loan amount of $250,000) for a historical perspective on rates please visit my blog
Loan Program Monthly Pmyt Rate APR Points
30YF $1221 4.125% 4.54% 0
20YF $1482 3.75% 3.87% 0
15YF $1787 3.5% 3.92% 0
5/1 ARM $1004 2.625% 3.12% 0
7/1 ARM $1054 3.00% 3.37% 0
FHA-30YF $1175 3.875% 3.98% 0
FHA-15YF $1787 3.5% 3.87% 0

 

Current High Balance Rates – (Pmyts based on a average loan amount of $550,000)
Loan Program Monthly Pmyt Rate APR Points
30YF $2705 4.25% 4.62% 0
15YF $3931 3.50% 3.87% 0
5/1 ARM $2318 2.875% 3.12% 0
7/1 ARM $2356 3.125% 3.37% 0
FHA-30YF $2625 4.00% 4.37% 0

 

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