Weekly Mortgage Rate Update
Mortgage rates continue to trend downward, which is good for home buyers and sellers today. It's hard to say if the recent dip in rates will continue. I will keep you informed along the way!
Here are latest mortgage rates:
Conventional
30 year fixed = 4.625%
20 year fixed = 4.50%
15 year fixed = 4.25%
FHA/VA
15 year fixed = 4.50%
30 year fixed = 4.625%
Jumbo (loan amounts over $484,350)
30 year fixed = 4.50%
15 year fixed = 4.25%
5 year ARM = 3.75%
7 year ARM = 3.875%
** Above rates considering 780+credit score, 25% down payment, owner occupied, 30 day rate lock, $250,001 minimum loan amount, purchase & escrows. Rates can change at any time without notice..
Please let me know if you have any mortgage related questions or have clients in need of a Mortgage Pre-Approval. Thanks for your support!
Sincerely,
Scott
Scott Jacobsen
Vice President of Residential Lending
Cell # (630) 673-3103
E-fax # (312) 592-2232
NMLS # 664645
Key Mortgage Services
475 N. Martingale Rd. Suite #100
Schaumburg, IL 60173
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