Seattle Mortgage Rates January 4, 2010
Recently announced “Mortgage Rates” will remain “Low.” But what is “Low?” Be clear and fair to yourself, especially if you are waiting to make a move in today’s real estate or mortgage industry. “Low” is not “Historical Low” so make sure you don’t wait, because “Historical Low“ will be gone!!
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!!
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 |
5.125% |
5.259% |
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| 15 Yr Fixed |
4.500% |
4.725% |
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| 7/1 ARM 5/2/5 CAPS |
4.625% |
4.099% |
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| 5/1 ARM 5/2/5 CAPS |
4.125% |
3.765% |
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| 3/1 ARM 5/2/5 CAPS |
3.625% |
3.552% |
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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 |
5.375% |
5.500% |
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| 15 Yr Fixed |
4.625% |
4.833% |
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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 | ||||
| Scenario Based on Purchase Price of $1,000,000 with 25% down | ||||
|
rate |
apr |
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| 30 Yr Fixed |
6.875% |
6.998% |
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| 7/1 ARM 5/2/5 CAPS |
6.000% |
4.815% |
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| 5/1 ARM 5/2/5 CAPS |
5.250% |
4.166% |
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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 |
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 |
5.250% |
5.905% |
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| Prime Rate |
3.25% |
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For specific scenarios, please contact us!