October 2016
Mortgage rates have remained low to start this month. I am unsure if they stay like this for 1 month or 1 year, but we are probably safe at least until after the election of rates increasing drastically. Current interest rates:
30 year and 25 year fixed: 3.50% (Apr 3.59)
20 year fixed: 3.25% (Apr 3.32)
15 year fixed: 2.875% (Apr 2.94)
10 year fixed: 2.75% (Apr 2.82)
FHA 30 year fixed: 3.25% (Apr 3.92)
VA 30 year fixed: 3.25% (Apr 3.47)
Jumbo: Please Call
**Rates subject to change. Above rates based on credit score greater than 740 and mortgage loan being a purchase. Please Call or email for an exact quote for your situation.
Craig Meyer
President
Archer Mortgage Lending Corp
8050 Watson Rd Ste 245
St. Louis, MO 63119
314-968-1500, Fax: 314-968-7998
Cell: 314-323-3092
craig@archermortgage.com
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