Great price improvement in mortgage rates this morning

Loan amounts of $417,000 or less, priced with a 30 day rate lock:

10/15 year fixed:
4.000% with 1.1 points - WOW
4.125% with 1 point
4.250% with 0 points


20/30 year fixed:
4.500% with 1.5 points RECORD LOW
4.625% with 1 point
4.750% with 0 points

5/1 ARM
3.250% with 1 point
3.500% with 0 points

7/1 ARM
3.500% with 1 point
3.875% with 0 points

FHA 30 Year Fixed
4.750% with 1 point
4.875% with 0 points

* subject to acceptable appraisal, credit ,income and owner occupied. Rate may vary based on loan size and LTV. Rates not locked. Rates based on NO cash out, rates slightly higher with cash out. Mid credit score of 730 required. FHA requires min 660 score. Rate may be higher for condos and Interest Only Option.

Jumbo loan amounts over $417,001, priced with a 30 day rate lock

30 Year Fixed
5.250% up to $500,000.00
5.375% up to $600,000.00
5.750% up to $700,000.00
6.000% up to $850,000.00
6.125% up to $1,500,000.00

5/1 ARM
4.625% with 1 point
5.000% with 0 points

Courtesy Mike Wald
Serve U Best Mortgages
480-241-2632