Mortgage Rates still low


Mortgage rates
held at record lows this week as stocks rallied Friday on better than expected jobs numbers. The U.S. economy lost 54,000 jobs in August as census workers continued to exit payrolls, but the private sector added 67,000 jobs. A report released Thursday also showed consumer confidence is stabilizing after three straight months of declines.‬ ‪ ‬
‪Freddie Mac
reported the 30 year fixed mortgage averaged 4.32% this week, down from 4.36% last week. ‬
***Prosperity is offering prospective buyers who get pre-approved by Sept. 30 and close before the end of the year a .5% discount on the rate for the first year! 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:

4.25%

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

4.375% FHA 30 year fixed:

4.25%

FHA 5/1 ARM:

2.75%

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

4.75% (.25% improvement over last week!)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.

Wes Atiyeh
Associate Broker
Long and Foster
804-484-3388
http://www.WesAtiyeh.com

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