New Mortgage Rates! Courtesy of Scott Jacobsen

Good morning!

Weekly Mortgage Rate Update

Mortgage rates continue to hold their ground at recent low levels. There has been some volatility pushing rates up some days this week and coming back down on others. There is a level of resistance that mortgage rates are testing which could drive rates up, or possibly could send them lower. Make sure you inform your buyers that rates are at  recent lows and a great time to lock in a rate. I will keep you informed along the way!

Here are latest mortgage rates:

Conventional

30 year fixed = 3.875%

20 year fixed = 3.75%

15 year fixed = 3.375%

5 or 7 Year ARMs = 3.75%

FHA/VA 

15 year fixed = 3.875%

30 year fixed = 3.75%

Jumbo (loan amounts over $484,350)

30 year fixed = 4.00%

15 year fixed = 3.75%

5 year ARM = 3.50%

7 year ARM = 3.625%

10 year ARM = 3.75%

** 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

M (630) 673-3103  |  F (312) 592-2232

New Mortgage Rates! Courtesy of Scott Jacobsen

 

Scott Jacobsen 

Vice President of Residential Lending

M (630) 673-3103  |  F (312) 592-2232

Key Mortgage Services, Inc. | 475 N. Martingale Rd. Suite #100 | Schaumburg, IL 60173

https://www.mykeymortgage.com/ScottJacobsen.html 

NMLS# 664645

Top - Down Design

Ceilings can transform a space with minimal effort and expense. 

 In early American homes, low ceilings helped keep spaces warm, even if the price was a claustrophobia. During the Victorian era of the 19th century, high ceilings - at least 9 feet high and often higher - were embellished, integrating hand - crafted cast - plaster ornaments, stenciling, and other decorative treatments. These kinds of details, when they're painstakingly preserved are coveted today. 

Factory buildings and warehouses in New York's downtown manufacturing district were converted to loft - style apartments starting in the 1950s, a grittier industrial look took hold, leaving ceiling ductwork and beams exposed. Heights remained in vogue throughout the 1980s and '90s but fancier vaults, peaks, and arches emerged as McMansions became the rage. As concerns grew high about the high cost of energy the reality of heating and cooling all that extra space reduced the appeal of high ceilings.

Replacing a plain ceiling with any visually interesting element provides a stunning differentiator for sellers competing for buyer attention. 

Flip through more than two dozen examples in the slideshow at https://magazine.realtor/#!%23slideshowCNid:142644