November 23, 2017

Mortgage Rates for Seattle Real Estate, November 16, 2009

Rates are posted on a weekly basis.  For live updates please request to follow The Mortgage Reel on Twitter.  www.twitter.themortgagereel.com

 

Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!!

 

Guidelines for each scenario click here

 

 

Conforming Mortgage Rates

 

 

Scenario Based on Purchase Price of $400,000 with 20% down
1% Loan Fee (1% of the loan amount)  
Loan amounts up to $417,000    
     rate  apr  
30 Yr Fixed 

4.625%

4.755%

 
   

 

 

 
15 Yr Fixed  

4.250%

4.474%

 
   

 

 

 
7/1 ARM  5/2/5 CAPS

4.125%

3.853%

 
   

 

 

 
5/1 ARM 5/2/5 CAPS

3.750%

3.629%

 
   

 

 

 
3/1 ARM 5/2/5 CAPS

3.750%

3.580%

 
         
Super Conforming Scenario    
1% Loan Fee (1% of the loan amount)  
Loan amounts between $417,001 – $567,500 with the same guidelines
         
Scenario Based on Purchase Price of $600,000 with 20% down
     rate  apr  
30 Yr Fixed  

5.000%

5.122%

 
   

 

 

 
15 Yr Fixed  

4.250%

4.581%

 

 

Jumbo (Non-Conforming)    
1% Loan Fee (1% of the loan amount)  
Loan amounts between $567,501 – $999,999 with the same guidelines
         
Scenario Based on Purchase Price of $1,000,000 with 25% down
     rate  apr  
30 Yr Fixed  

6.250%

6.369%

 
   

 

 

 
7/1 ARM  5/2/5 CAPS

5.125%

4.328%

 
   

 

 

 
5/1 ARM 5/2/5 CAPS

4.625%

3.930%

 
   

 

 

 

 

Government – FHA

 

Scenario Based on Purchase Price of $400,000 with 20% down
1% Loan Fee (1% of the loan amount)  
Loan amounts up to $417,000    
     rate  apr  
30 Yr Fixed  

4.750%

5.647%

 
   

 

 

 
15 Yr Fixed  

4.500%

5.244%

 
   

 

 

 
FHA – High Balance      
1% Loan Fee (1% of the loan amount)  
Loan amounts between $417,001 – $567,500 with the same guidelines
         
Scenario Based on Purchase Price of $600,000 with 20% down
     rate  apr  
30 Yr Fixed  

4.875%

5.512%

 
   

 

 

 
         
         

Prime Rate

 

3.25%

   

 

For Specific Quotes, Please Contact Us.




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Comments

  1. Wondering why interest rates have remained so steady?

    Bottom line supply and demand. The Feds purchase program is slowly ending and the amount of debt purchased per month has significantly decreased. Current Treasury auctions taking place are for the months of July and August. If you look back to July and August, the volume of loans closed during that time had significantly decreased. Why? Interest rates had increased.

    The Feds decreased purchasing equals the decreased volume from July and August.

    In September and October, rates improved to lower levels. The volume has increased tremendously so Treasury auctions will increase and who is going to purchase the debt? The Feds purchasing will continue BUT decline and eventually end.

    The result is higher interest rates.

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