Mortgage Rates for the Weekend – HAPPY EASTER to ALL


Mortgage rates rose this week as the Fed ended the mortgage backed securities purchase program Wednesday, and the Dow approached the 11,000 mark. Freddie Mac reported that the 30 year fixed rate averaged 5.08%, up from 4.99% a week ago, its highest level since the first week of 2010. Long-term interest rates across the board rose higher due to concerns about inflation as the economy improves and without the Fed there to act as a buffer and keep rates in check.***Good news for buyers eager to ensure they have the best terms on their financing:

 

Prosperity will match or beat any bona fide offer from a local lender – or provide the buyer with a $50 Home Depot gift card. If you are interested, we can also offer no closing cost options as well.

 

***Here are our weekend rates for purchase loans on single-family homes greater than $150,000 with 20% down and 740 credit scores:

 

Conf 30 year fixed to $417,000: 5.0%

Conf 30 year fixed ($417,000-$535,900): 5.125%

FHA 30 year fixed: 5.0%

Jumbo 30 year fixed ($528,750 ): 5.375%

 

All rates reflect 1 origination, 0 discount points. Please note rates do vary by credit score, loan amount, occupancy and loan to value.

 

Provided by:

Emily Scarborough

Home Mortgage Consultant

Prosperity Mortgage Company

MAC M8615-011

5702 Grove Ave

Richmond, VA 23226

804-285-4216 Tel

804-281-7846 Fax

1-888-664-7683 Toll Free

emily.scarborough@prosperitymortgage.com

http://www.emilyscarboroughforloans.com

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