October 18, 2017

Seattle Home Mortgage Rates June 28, 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 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! 

 

Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!!  You are able to refinance up to 105%!!  Primary and Investment Homes!!

 

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  4.375% 4.503%  
         
15 Yr Fixed   3.750% 3.971%  
         
7/1 ARM  5/2/5 CAPS 3.625% 3.613%  
         
5/1 ARM 5/2/5 CAPS 3.375% 3.495%  
         
3/1 ARM 5/2/5 CAPS 3.250% 3.466%  
         
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   4.625% 4.744%  
         
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   5.125% 5.236%  
         
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   4.375% 4.990%  
         
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   4.500% 5.117%  
         
         
         
Prime Rate   3.25%    

 

For specific scenarios, please contact us!




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