Economically, rates have held pretty steady, and are still low, historically speaking. But, as I mentioned last week, with our own new company, we’re able to offer substantially lower rates and NO lender fees.
Here are this week’s rates:
30-yr Fixed
Conventional: 3.625%* FHA/VA: 3.125%*
15-yr Fixed
Conventional: 3.000%* FHA/VA: 3.000%*
*These are the closest “par” rates for the different types of mortgages. They assume very good credit, sufficient equity, and the absence of other negative risk factors (e.g. property use, cash-out or not, loan amount, etc.). Different specific risk factors will affect interest rates.
