October 18, 2017

Seattle Home Mortgage Rates June 14, 2010

 

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

 

JUMBO FIXED RATES:  Dropped .50% in rate!!!  Can you refinance or buy??

 

Do you own an investment property and would like to refinance?  Now is the time!  Average rate reduction reaches 1%

 

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 
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  4.500% 4.629%  
         
15 Yr Fixed   4.000% 4.222%  
         
7/1 ARM  5/2/5 CAPS 3.875% 3.732%  
         
5/1 ARM 5/2/5 CAPS 3.500% 3.539%  
         
3/1 ARM 5/2/5 CAPS 3.375% 3.495%  
         
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   4.750% 4.870%  
         
15 Yr Fixed   4.250% 4.456%  

 

Jumbo (Non-Conforming)    
1% Loan Fee (1% of the loan amount)  
Loan amounts between $567,501 – $649,999 require 20% down.  Loan amounts $650,000 – $999,999 require 25% down. guidelines – “Increased Loan Amounts Available
         
Scenario Based on Purchase Price of $1,000,000 with 25% down
    rate Apr  
30 Yr Fixed   5.250% 5.362%  
         
7/1 ARM  5/2/5 CAPS 4.875% 4.136%  
         
5/1 ARM 5/2/5 CAPS 4.250% 3.710%  
         

 

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   4.500% 5.122%  
         
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   4.750% 5.380%  
         
         
         
Prime Rate   3.25%    

 

For specific scenarios, please contact us!




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