Here is a sneak peek of residential mortgage rates and some brief news to share. Treasury prices are making small gains this morning as central banks around the world hope to bolster their economies but cutting key interest rates. China cut its benchmark rates for the second time in a month and the ECB dropped its rate by 0.25% to 0.75%. Lastly, the Bank of England announced it will augment the scope of its stimulus program by 50 billion pounds. The US economic calendar is busy today ahead of tomorrow's non-farm payroll report. The weekly jobless claims report was better than expected as initial claims of 374k were lower than the expected 386k.
Today's Mortgage Rates
Conventional 30 year fixed 3.625% APR 3.671%
Conventional 15 year fixed 2.875% APR 2.981%
Conventional 5/1 ARM 2.625% APR 3.160%
Conventional 7/1 ARM 2.75% APR 3.133%
The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 740 and a 20% down payment.
This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under any applicable law.
As a lending professional, Nima Rezvan meets a wide range of real estate lending needs, whether it be a first time purchase, second home purchase, or refinance. He welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. With his expertise and knowledge, he will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
With more than 10 years of mortgage lending experience, Nima specializes in Conventional Mortgages, Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)
NMLS #110681
send Nima an email
Mobile: 203-913-6016
Fax: 877-804-5752
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Buying or Selling a Home in Fairfield County? We'd love to represent you.
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If you have a question about buying or selling Real Estate in Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy