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TODAY’S MORTGAGE RATES

Mortgage Rates improved slightly on the
week with the Mortgage Backed Security
Marketing Trading up + 2 bps. The 10
Year Treasury currently sits at 4.62%.

Here are your Average Mortgage
Rates across the country according
to Mortgage News Daily.

A 30 Year Fixed Conventional Rate at
6.68% – equates to a $641.96 Principal
and Interest Payment per $100,000 in
Loan Amount. If you would like me to put
together scenarios for your situation, feel
free to contact me or use my Free
Mortgage Calculator below:

Mortgage Calculator – Green Home Loans

It’s been a slow week for mortgage
news. The financial markets continue
to monitor and react to news coming
out of the Middle East.

There are a lot of characteristics
that go into a mortgage rate –
credit score, investor, loan to
value, loan amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

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5-YEAR AND 7-YEAR
FIXED MORTGAGES

A 5-Year and 7-Year Fixed Mortgage
is becoming more popular for clients
that want the lowest payment today,
and believe that interest rates will
likely fall in the future.

A 5-year fixed loan can carry a rate
of .625% better than a 30-year fixed
rate conventional loan. This would
equate to a $158 lower payment
on a $400,000 loan.

A 7-year fixed loan can carry a rate
of .5% better than a 30-year fixed
rate conventional loan. This would
equate to a $126 lower payment
on a $400,000 loan.

While a Temporary Fixed Mortgage
is not right for every client, it can be
a great option for clients that don’t
plan on being in the loan long term,
or clients that believe interest rates will
drop and they will eventually refinance
their loan in the coming years.

Please contact me if you would like to
look at 5- and 7-year fixed mortgages for
your purchase or refinance scenario.

I hope you have a fantastic week!!