What Interest Rates look like from one of my lenders

The election results caused some early volatility in the markets with the bond market spiking to it’s highest level since July earlier in the week. The Federal Reserve, expectedly, dropped their rate by .25% and the bond market settled down to the point of having interest rates across the board drop from where we were last week and earlier this week. Here is what I’m seeing:

30 Year Fixed FHA

6.125% (6.916% APR)

Discount points to bank of $1,197

$500,000 Purchase Price

$490,943 Loan Amount

3.5% Down Payment $17,500

720+ credit scores, single family primary home purchase, 45 day lock period

30 Year Fixed VA

6.00% (6.298% APR)

Discount points to bank of $1,945

$500,000 Purchase Price

$511,500 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

6.49% (6.702% APR)

Discount points to bank $2,622

$500,000 Purchase Price

$475,000 Loan Amount

5% Down Payment $25,000

780+ credit score, single family primary home purchase, 45 day lock