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! No Equity, you still have options to refinance.
Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!! You are able to refinance up to 105%!!
Allow us to discover your savings opportunities today! We GUARANTEE your closing costs.
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 | |||
| 30 Yr Fixed | 4.250% | 4.377% | ||
| 15 Yr Fixed | 3.750% | 3.971% | ||
| 7/1 ARM 5/2/5 CAPS | 3.500% | 3.554% | ||
| 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 | 4.500% | 4.618% | ||
| 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” |
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| Scenario Based on Purchase Price of $1,000,000 with 25% down | ||||
| rate | Apr | |||
| 30 Yr Fixed | 5.000% | 5.110% | ||
| 7/1 ARM 5/2/5 CAPS | 4.375% | 3.888% | ||
| 5/1 ARM 5/2/5 CAPS | 3.500% | 3.438% | ||
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 | 4.250% | 4.859% | ||
| 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 | 4.250% | 4.854% | ||
| Prime Rate | 3.25% | |||
For specific scenarios, please contact us!
Key Takeaways
- Seattle Home Mortgage Rates are updated weekly; follow The Mortgage Reel on Twitter for live updates.
- Jumbo fixed rates dropped by .50%; it’s an excellent time to refinance or buy.
- Fannie Mae and Freddie Mac’s Home Affordable Refinance Program still allow refinancing up to 105% without equity.
- Conforming mortgage rates include options like 30-Year Fixed at 4.250% and 15-Year Fixed at 3.750%.
- Contact for specific scenarios; savings opportunities and guaranteed closing costs are available.