| Happy Friday again!
The U.S. 10-year Treasury yield has stayed elevated in the low-to-mid 4.20% range this week, with only modest movement as investors digest mixed economic reports and persistent inflation pressures. Although there has been some daily volatility, the broader trend reflects a market looking for clearer direction on economic growth and future Federal Reserve policy. Meanwhile, the yield curve has continued to steepen, indicating evolving expectations about the economy and the path of interest rates. Mortgage rates, however, have remained largely steady, experiencing only slight upward pressure due to higher long-term Treasury yields. Here is what I’m seeing:
30 Year Fixed FHA
5.50% (6.298% APR)
Discount points to bank $2,833
$600,000 Purchase Price
$589,132 Loan Amount
3.5% Down Payment $21,000
720+ credit scores, single family primary home purchase, 45 day lock period
30 Year Fixed VA
5.625% (5.883% APR)
Discount points to bank $1,575
$600,000 Purchase Price
$614,400 Loan Amount with financed VA funding fee
First time VA use
Zero down payment, 720+ credit scores, single family primary home purchase, 45 day lock period
30 Year Fixed Conventional
5.99% (6.225% APR)
Discount points to bank $2,667
$600,000 Purchase Price
$570,000 Loan Amount
5% Down Payment $30,000
780+ credit score, single family primary home purchase, 45 day lock
Interest rates are not locked and are subject to change due to market changes.
Regulated by the Department of Real Estate. |
