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August 2020 MORTGAGE UPDATE

14 Nov August 2020 MORTGAGE UPDATE

Current Mortgage Rates 8/11/2020

Mortgage Type RATE APR%
 15 yr fixed mtg             1 2.5% 2.621%
 30 yr fixed mtg             2 2.875% 2.957%
 5/1 ARM                       3 3.5% 3.397%
FHA 30 yr fixed mtg      4 2.75% 4.176%
VA 30 yr fixed mtg        5 2.375% 2.556%

 

Rates obtained 08-11-2020
Jumbo loans are temporarily unavailable through most wholesale channels, but they will be back.  Conventional Purchases are based on a $450,000 purchase with 20% down payment, 760 credit. FHA is $450,000 Purchase with 10% down, 760 credit.  VA option is $450,000 purchase with Zero Down and 760 Credit.  ALL DTI’s under 35/43, 30-day lock. Disclosures are subject to DAILY change based on conditions and ability to qualify.  This is neither a customer specific quote nor an offer or guarantee to lend.  Rates are only accurate as of 12:00pm on 8-11-2020. Call today for a personalized quote.
1 PITI $2,726; 2 PITI $1,819; 3 PITI $1,942; 4 PITIMI $2,294; 5 PITI $2,100
Kevin Teel Mortgage | Your Mortgage Broker for Life | NMLS 207117 | COMB100021250
5710 Wheaton Ave | Longmont, CO 80503 | 303-709-3328 FX 720-864-1511
Regulated by the Division of Real Estate

Ashley Vella
ashley@livewestrealty.com