Seattle Mortgage Rates January 11, 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
Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!! You are able to refinance up to 105%!!
Are you a Real Estate Investor? Do you have investment homes that are on Adjustable Rate Mortgages? Would you like to secure a fixed rate loan? Ask us!
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 |
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| 30 Yr Fixed |
4.950% |
5.087% |
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| 15 Yr Fixed |
4.375% |
4.600% |
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| 7/1 ARM 5/2/5 CAPS |
4.500% |
4.037% |
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| 5/1 ARM 5/2/5 CAPS |
4.000% |
3.720% |
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| 3/1 ARM 5/2/5 CAPS |
3.500% |
3.523% |
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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 |
5.250% |
5.374% |
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| 15 Yr Fixed |
4.500% |
4.707% |
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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 |
6.625% |
6.746% |
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| 7/1 ARM 5/2/5 CAPS |
5.250% |
4.325% |
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| 5/1 ARM 5/2/5 CAPS |
4.625% |
3.848% |
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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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