Blog

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

First Time Homebuyers

Buying Your First Home: The DownpaymentFirst-time home buyers face more hurdles than repeat buyers.A first-time home buyer may have less savings. He or she might have a collection of student loans and other large debts. Perhaps the buyers is just starting a career. And of course, first-timers have no buying experience.New buyers may even be about to live on their own for the very first time.First-Timers Buy One-Third Of HomesAccording to the National Association of REALTORS®, first-time home buyers account for 1-in-3 homes sold nationwide. This is the lowest rate in close to...

May 23rd, 2017 First Time Homebuyers

Happy New Year!

I hope all had a great holliday and new year.  The last couple months we saw interest rates increase imediately after the election.  They were going to go up anyway, it was just a matter of time.  As we head into the spring purchase market please remember to call or email and questions, and to find out if you qualify for the type of purchase you want to do.  I am acessible after hours and weekends if needed.30 year and 25 year fixed: 4.125%  (Apr 4.20)20 year fixed:  4.0% (Apr 4.09)15 year fixed: 3.49% (Apr 3.57)10 year fixed: 3.375% ...

January 9th, 2017 Happy New Year!

Next up, election

I am sure most of you agree that we can't wait to see normal commercials again.  Wow!  Can't take much more.  In regards to the mortgage industry, the election may play a big part in interest rates.  It is safe to say that rates have been held down for a long time and many would say too long.  Rates will go up, but the question is when.  I gave up predicting, and good thing because I would have bet they were going up 3 years ago.  Always make your decisions based on the belief they are going up next month.  If it makes sense to do a loan, do it. ...

November 3rd, 2016 Next up, election