Mortgage Rates For Seattle Real Estate, November 23, 2009

• Keith Akada
• November 23, 2009
• Seattle Mortgage Rates

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!!

 

 

 

 

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		4.750%	4.881%
15 Yr Fixed		4.250%	4.474%
7/1 ARM  5/2/5 CAPS		4.125%	3.853%
5/1 ARM 5/2/5 CAPS		3.625%	3.584%
3/1 ARM 5/2/5 CAPS		3.500%	3.580%
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		5.000%	5.122%
15 Yr Fixed		4.250%	4.456%

 

Jumbo (Non-Conforming)
1% Loan Fee (1% of the loan amount)
Loan amounts between $567,501 – $999,999 with the same guidelines
Scenario Based on Purchase Price of $1,000,000 with 25% down
		rate	apr
30 Yr Fixed		6.250%	6.369%
7/1 ARM  5/2/5 CAPS		5.125%	4.328%
5/1 ARM 5/2/5 CAPS		4.500%	3.930%

 

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%
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		4.875%	5.512%
Prime Rate		3.25%

 

For specific scenarios, please contact us!