Interest Rates July 17th-18th

Mortgage rates  remained at record lows this week. Freddie Mac reported rates on 30 year fixed rate loans were  unchanged from last week’s average of 4.57%. In other mortgage news, some large lenders have begun pulling updated credit reports just prior to closing, in some instances creating issues that prevent pre-approved buyers whose credit profile changed from closing. Prosperity has not adopted this policy. 
 Here are our weekend rates for 
purchase loans on single-family homes greater than $150,000 with 20% down and 740+ credit scores
  –  and for loans locked in July a 90 day rate lock! : Conf 30 year fixed to $417,000: 


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

  4.625% FHA 30 year fixed:


 FHA 5/1 ARM: 3.


Jumbo 30 year fixed ($528,750+): 5.


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

Posted with WordPress for BlackBerry.

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