07 Mar April 2019 Mortgage Update

Current Mortgage Rates 4-1-2019

Mortgage Type National Local APR%
 15 yr fixed mtg             1 3.375% 3.625% 3.704%
 30 yr fixed mtg             2 4.0% 4.125% 4.161%
 30 yr fixed jumbo mtg   3 3.875% 4.625% 4.636%
 7/1 ARM                       4 3.75% 4.25% 5.001%
 7/1 jumbo ARM            5 3.25% 4.125%      4.925%
FHA 30 yr fixed mtg      6 4.0% 3.75% 5.047%
Rates obtained 4-1-2019

All Conventional Purchases are based on a $400,000 purchase with 20% down payment, 760 credit. Jumbo options are based on a $760,000 purchase with 20% down and 760 credit.  FHA is $400,000 Purchase with 10% down, 760 credit.  ALL DTI’s must be under 35/43.    Disclosures are subject to DAILY change based on conditions and ability to qualify.  This is neither a customer specific quote nor an offer or guarantee to lend.  Rates are only accurate as of 9:30am, 4-1-19. Call today for a personalized quote. 1 PITI $2,608; 2 PITI $1,850; 3 PITI $3,676; 4 PITI $1,875; 5 PITI $3,497; 6 PITIMI $2,236

 

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