Mortgage rates continue to average 5.00% on a very consistent basis for 30 year fixed rate mortgages. The rate always subject to credit score and loan to value, however we have been able to lock customers under 5.00% in recent days!
Stock market rally as of late has not reflected negatively in rates…
Adjustable rates are starting to look much more attractive, especially 5 year ARMS for both conventional and government loan programs with rates in the 3.75 to 3.875% range.
Also, 10 year fixed (30 year amortization) rates averaging 4.625% with no points.
We are starting to see more flexible rate and terms with other products.
Have a great weekend!
Advertisement
