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! Average rate reduction reaches 1%!
Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!! You are able to refinance up to 105%!!
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 | 4.500% | 4.629% | ||
| 15 Yr Fixed | 4.000% | 4.222% | ||
| 7/1 ARM 5/2/5 CAPS | 3.875% | 3.732% | ||
| 5/1 ARM 5/2/5 CAPS | 3.500% | 3.539% | ||
| 3/1 ARM 5/2/5 CAPS | 3.375% | 3.495% | ||
| 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 | 4.750% | 4.870% | ||
| 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 | 5.250% | 5.362% | ||
| 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 | 4.500% | 5.122% | ||
| 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 | 4.750% | 5.380% | ||
| Prime Rate | 3.25% | |||
For specific scenarios, please contact us!
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