Mortgage Rates

From my favorite Lender Mike Mancuso of First State Bank:

Should be an interesting week as the FED continues to flash warnings that a rate hike of .25% is imminent next week on the 15th. Even the runaway stock market is backing off on the news and while a rate hike is not catastrophic, it again signals that the very low mortgage rates we’ve enjoyed over the past several years are a more and more distant memory. For the week, rates start out as:

Conventional 30 year fixed rates are up to 4.125%

FHA/VA rates are at 3.625%.

Conventional NIFA rates are at 4%. (Conventional HBA is at 4.5%)

FHA/VA NIFA Rates are at 3.75% (FHA/VA HBA is at 4.25%)

Have a great week everyone and remember that your customers and clients can obtain FREE, NO OBLIGATION, online pre-approvals 24 hours a day at MikeMancuso.1stStateBank.com . Or feel free to call me on my cell phone after hours and weekends at 402-250-7467!

Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here. This information is meant for the real estate professional and not designed for customers.