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TODAY’S MORTGAGE RATES

Mortgage Rates moved up on the week
with the volatility in the Middle East
having an impact on inflation concerns.

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

A 30 Year Fixed Conventional Rate at
6.36% – equates to a $622.89 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

Despite rates moving up some, home
purchase mortgage applications remain
strong. Purchase mortgage applications
increased 7.8% on the week and are
11% higher than this same time last year.

Existing home sales also jumped up
1.7% in February, much higher than
expectations. Despite what’s going on
in the world, Consumers are still
qualifying for home loans and closing
purchase transactions.

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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WAITING FOR RATES IN THE 5%s,
MAY NOT SAVE YOU AS MUCH
AS YOU THINK

Many buyers expect that a drop in mortgage
rates from the low 6%s into the upper 5%s
will make a huge difference in their monthly
payment, but when you look at the numbers,
the change is often smaller than people assume.

For example, on a $500,000 loan, the
difference between a 6.1% rate and a 5.9%
rate is roughly $64 per month. Not hundreds –
just around sixty dollars. It’s a meaningful
savings, but not the dramatic shift many picture
when they say they’re “waiting for the 5s.”

If you’re holding out for a lower rate, it
may be worth taking a moment to run
the numbers. Rates have already improved
quite a bit compared to this time last year,
and you might find that the current options
already fit your budget better than expected.
Sometimes the math shows that the
opportunity you’re waiting for is already here.
Let me know if you’d like help calculating
your specific scenario.

Hope you have a fantastic week!!