Interest rates come down a bit


Mortgage rates
ticked lower this week with Freddie Mac reporting the average 30 year fixed rate at 4.77%, down from 4.85% last week and 5.09% a year ago. Stocks started out the year higher, and the jobs report released Friday showed the unemployment rate has fallen to its lowest level in 18 months. Both private job sector jobs and number of hours worked per week rose, suggesting positive growth ahead!‬ ‪ ‬
‪Here are our weekend rates for buyers with 740+ credit scores:‬
Conv 30 year fixed ($125,000-$417,000
): 4.75% Conv 30 year fixed: ($417,000-$535,900):
4.875% FHA 30 year fixed:
4.625%FHA 5/1 ARM:
3.0% Jumbo 30 year
: 5.0%
Please note all rates reflect a 1% origination fee. Rates do vary by loan amount, credit scare, occupancy, and loan-to-value.

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

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