Current Mortgage Rates*
  
Conforming                                       APR      
30 yr. Fixed:  3.375%                   3.609%
15 yr. Fixed:  2.75%                     2.989%
10 yr. Fixed:  2.75%                     2.834%
 
7/1   ARM:     2.50%                    2.712%
5/1   ARM:     2.25%                    2.583%
 
Investment Property 
30 yr. Fixed:  3.875%    @ 75% LTV    4.004%
30 yr. Fixed:  4.125%    @ 80% LTV    4.284%
 
Government
FHA 30 yr. Fixed:           3.250%          3.680%
 
FHA 203k Rehab Loan:    3.750%         4.287%
 
ZERO Down USDA:         3.50%           3.954%  
 
VA 30 yr. Fixed:             3.50%            4.580%

Jumbo Mortgages:**

5 yr. ARM:                    2.80%            3.124%
7yr   ARM:                    3.30%            3.478%
10yr ARM:                    3.60%            3.831%
30 yr. Fixed                  4.60%            4.912%
                        


HomePath, HomeStyle Renovation & HomePath Renovation:  Call for Rates

 

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10 yr. Treasury reacts to the Chase Bank 2Billion Dollar Loss & further Greek worries:
 

The markets are moving in the favor of improving mortgage rates today.  The fallout of the Chase banking losses coupled with concerns over the Greek exit from the Euro are driving the 10 yr. Treasury to record low levels and bringing mortgage rates down as well.  The 10 yr. Treasury Yield is a leading indicator for mortgage rates. 

If you are in the market to lock a loan today, the recommendation is to watch the market today for potential price improvements.

  • 7 Days:  Float until later today / strong lock recommendation
  • 30 Days:  Float until later today / strong lock recommendation
  • 45 Days:  Float until later today / strong lock recommendation
  • 60 Days:  Float


Refinance Loans:  HARP refinance loans are increasing applications, Click HERE to see if your home qualifies for a refinance with UNLIMITED VALUE and NO APPRAISAL!   If your home does NOT qualify for a HARP refinance, clients are looking to the NO MONTHLY MI loans up to 95% to take advantage of these low rates for appraised value protection.  The HomeStyle Renovation loan is a great refinance product for attaining future value construction loans with LOW rates and potentially NO monthly mortgage insurance.

 

Purchase Loans:  The market continues to turn away from FHA mortgages in favor of Fannie Mae 3% down or 5% down (3% own funds and 2% gift) with NO MONTHLY MORTGAGE INSURANCE.  We are also doing many renovation loans -- HomePath, HomeStyle and of course the FHA 203k Full and Streamline. You can Click HERE to learn more about any of our renovation loans.
 
 

Contact us today for more info.
 
Ben Coulter  |  NMLS#383046
4445 W. 77th St. Suite 160
Edina, MN  55416
612.384.7818
612.677.3100 Fax
 
Mortgages in All Shapes and Sizes
 
 
 
Ask me about our Construction/Rehab Purchase & Refi loans---up to 110% of 'Future Value'. 
 

*Rates are subject to change without notice.
*Rates are based on a 45 day lock and >740 score at <80% LTV
*There are various adjustments that may affect the rate for a particular program.
*APR is based on loan amount of 225K.  APR is the rate after closing costs/mtg ins are factored in.
*Let me know if you would like to be removed from the rate list
**Loan amount up to $1,000,000, >740 score at <70% LTV