Mortgage Rates for Friday the 13th
Our family’s cat, Bagara, is pleased to report to you that on this Friday the 13th, rates are not higher. In fact the conforming 30 year fixed is slightly improved compared to last Friday’s rates.
Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). Conforming rate quote below based on owner occupied, “full doc” with minimum credit scores of 680 with an 80% loan to value or lower and a loan amount of $400,000. Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below.
30 Year Fixed: 6.500% (APR 6.644%). Payment per $1000 = $6.32.
30 Year Fixed with 10 Year Interest Only: 6.625% (APR 6.667%). Payment per $1000 = $5.52.
40 Year Fixed: 6.750% (APR 6.899%). Payment per $1000 = $6.03.
7/1 ARM: 6.125%% (APR 6.281%). Payment per $1000 = $6.08.
5/1 ARM: 6.000% (APR 6.144%). Payment per $1000 = $6.00.
5/1 ARM with 10 Year Interest Only: 6.125% (APR 6.270%). Payment per $1000 = $5.10.
JUMBO (Non-Conforming) Rates. Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).
30 Year Fixed: 6.625% (APR 6.779%). Payment per $1000 = $6.40.
30 Year Fixed with interest only payments: 6.750% (APR 6.906% ). Payment per $1000 = $5.63.
40 Year Fixed: 6.750% (APR 6.910 %). Payment per $1000 = $6.03.
5/1 ARM: 6.250% (APR 6.401%). Payment per $1000 = $6.16.
5/1 ARM with 10 Year interest only payments: 6.250% (APR 6.409%). Payment per $1000 = $5.21
This is just a small sample available of rates and products. Rates are as of 11:00 this morning. For your personal rate quote or for loan amounts over $650,000, please contact me.
About the Author: Rhonda Porter
- Author's website: http://www.mortgageporter.com
- More posts by Rhonda Porter
- email the author
