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
Archer Mortgage Lending Corp
8050 Watson Rd Ste 245
St. Louis, MO 63119
314-968-1500, Fax: 314-968-7998
Cell: 314-323-3092

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!