Vermilion Realty Blog

October 18, 2009

Interest Rate Update

Filed under: Financing, Rates — Tags: , — Don Grafues @ 10:20 am
 
Following is a compilation of interest rate information gathered from different sources.   Please consult with a lender or mortgage broker for the latest information.   While rate changes may not be significant, they do change from day to day and rates may varry considering income, credit and location. Indicated changes are from one week ago.

NATIONWIDE MORTGAGE LENDING GROUP: 30 Yr Fixed Mortgage Rates 4.500% APR=4.743 POINTS=1.990 http://erate.com/AZ30.htm, (rate unchanged but points up a bunch).

DIRECT LENDER: 30 Yr Fixed Mortgage Rates 4.5% POINTS=1.939 http://erate.com/AZ30.htm, (rate unchanged and points up a tiny bit).

CONFORMING MORTGAGES: Primary & 2nd homes: 30 year fixed 5.0% (up 1/8th), 15 year fixed 4.375% (up 1/8th).

FHA: 5.00%, 30 yr Fixed, 96.5% loan to value, 620 Minimum Credit Score, maximum loan $417,000 (unchanged).

VA: 5.25%, 30 yr Fixed, 100% loan to value, maximum loan $417,000 (up 1/4).

USDA: 5.5%, 30 yr Fixed, 100% loan to value, with borrower’s income and geographic limitations (up 1/2).
 
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