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TODAY’S MORTGAGE RATES

Mortgage Rates improved about .12% on
the week, with the Mortgage Backed
Security Market trading up +13 bps.

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

A 30 Year Fixed Conventional Rate at
6.43% – equates to a $627.47 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

FED Chair Powell spoke last week and
stated that the FED was not likely
to raise rates to combat rising oil prices.
Powell thinks this is likely a temporary
shock to inflation and raising rates could
hinder the economy. The market liked
this stance.

The big news this week is Friday’s
CPI Inflation Report. Inflation is likely
to go up due to the rise in oil prices
and it may be smart to lock interest
rates in before this report on Friday,
April 10^th.

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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3 FACTORS THAT CAN IMPACT
YOUR MORTGAGE RATE

Your Credit Score, Your Loan Type,
and Your Loan Term.

Credit Score – when pricing a mortgage,
there are loan level pricing adjustments
for lower credit scores. Most loans
price in 20-point intervals such as:

780+
760-779
740-759
Etc.

The higher your credit, the better
your rate pricing.

Your Loan Type – typically FHA and
VA loans have a bit lower rates than
conventional loans. Also, some 5-to-7-year
fixed mortgages, will price better than
a long-term fixed mortgage.

Your Loan Term – Usually, the lower
your term, the better rate pricing you
will get. For example, in most situations
a 15-year fixed mortgage will offer
better rates than a 30-year fixed mortgage.

Contact me if you would like to go over
your scenario and see what you could
qualify for.

Hope you have a fantastic week!