Seattle Home Mortgage Rates April 12, 2010
If you are shopping for a home loan to purchase or refinance, please make sure you are aware of the broker fee, discount points, etc you are paying. Calculate your break even point here. Make sure you will benefit from the loan structure.
Seattle Home Mortgage Rates are posted on a weekly basis. For live updates please request to follow The Mortgage Reel on Twitter. www.twitter.themortgagereel.com
Do you own an investment property and would like to refinance? Now is the time!
Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!! You are able to refinance up to 105%!!
Guidelines for each scenario click here
| Conforming Mortgage Rates
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| 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 |
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| 30 Yr Fixed |
5.125% |
5.259% |
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| 15 Yr Fixed |
4.375% |
4.600% |
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| 7/1 ARM 5/2/5 CAPS |
4.250% |
3.914% |
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| 5/1 ARM 5/2/5 CAPS |
3.750% |
3.629% |
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| 3/1 ARM 5/2/5 CAPS |
3.625% |
3.552% |
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| 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 |
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| 30 Yr Fixed |
5.375% |
5.500% |
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| 15 Yr Fixed |
4.625% |
4.833% |
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| Jumbo (Non-Conforming) | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts between $567,501 – $999,999 with the same guidelines – “Increased Loan Amounts Available“ | ||||
| Scenario Based on Purchase Price of $1,000,000 with 25% down | ||||
|
rate |
Apr |
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| 30 Yr Fixed |
6.125% |
6.243% |
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| 7/1 ARM 5/2/5 CAPS |
5.125% |
4.262% |
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| 5/1 ARM 5/2/5 CAPS |
4.750% |
3.895% |
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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 |
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| 30 Yr Fixed |
5.000% |
5.647% |
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| 15 Yr Fixed |
4.500% |
5.244% |
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| 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 |
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| 30 Yr Fixed |
5.000% |
5.642% |
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| Prime Rate |
3.25% |
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