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.
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