Seattle Home Mortgage Rates April 19, 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
Do you own an investment property and would like to refinance? Now is the time!
Yes the Fannie Mae (DU Refi Plus) and Freddie Mac (Open Access) “Home Affordable Refinance Program” is still available!! You are able to refinance up to 105%!
You have exactly 12 days to get in a completed purchase and sale contract to take advantage of the first time or repeat home buyer tax credits!
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 |
4.875% |
5.007% |
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| 15 Yr Fixed |
4.250% |
4.600% |
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| 7/1 ARM 5/2/5 CAPS |
4.000% |
3.793% |
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| 5/1 ARM 5/2/5 CAPS |
3.500% |
3.539% |
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| 3/1 ARM 5/2/5 CAPS |
3.375% |
3.495% |
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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 |
|||
| 30 Yr Fixed |
5.125% |
5.248% |
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| 15 Yr Fixed |
4.375% |
4.581% |
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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 |
6.000% |
6.117% |
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| 7/1 ARM 5/2/5 CAPS |
4.990% |
4.194% |
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| 5/1 ARM 5/2/5 CAPS |
4.375% |
3.755% |
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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 |
|||
| 30 Yr Fixed |
4.750% |
5.385% |
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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 |
|||
| 30 Yr Fixed |
4.875% |
5.512% |
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| Prime Rate |
3.25% |
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For specific scenarios, please contact us!