Mortgage rates flat this week


Mortgage rates were flat this week with the 30 year fixed rate loan averaging 4.37%. Existing home sales rose 7.6% in August, rebounding from July’s sharp plunge. Negative effects from the expiration of the tax credit appear to be over!

*** Prosperity has extended our temporary buydown offer. P rospective buyers who get pre-approved by Oct. 31 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 : 4.125%
Conf 30 year fixed ($417,000-$535,900): 4.25%
FHA 30 year fixed: 4.25%
FHA 5/1 ARM: 2.75%
Jumbo 30 year fixed ($528,750+): 4.75%

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.

From:

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
http://www.emilyscarboroughforloans.com

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