Fresh Mortgage Rates

Today’s Mortgage Rates 6/21/12

(Supplied by Bill Rapp)

Conforming Conventional:    

Today’s Conventional 5/1 ARM: 2.625; 2.740% APR
Today’s Conventional Fixed 30 Year: 3.500; 3.670% APR
Today’s Conventional Fixed 15 Year: 2.875; 3.062% APR

Non-Conforming Conventional (JUMBO)
Today’s Jumbo Conventional 7/1 ARM:  3.625%; 3.718% APR
Today’s Jumbo Conventional Fixed 30 Year: 4.375; 4.472% APR
Today’s Jumbo Conventional 15 Year Fixed:  4.250%; 4.420% APR

Government:
Today’s FHA and VA 5/1 ARM: 2.750; 3.629% APR
Today’s FHA and VA Rate 30 Year Fixed:  3.750%; 4.680% APR
Today’s FHA and VA Rate 15 Year Fixed:  2.750%; 3.385% APR

USDA Rural 100% Loan (Purchase Only):
Today’s USDA Rate 30 Year Fixed:  3.750%; 4.172% APR
NICHE Loan: FHA Full 203K (Unlimited REHAB) and 203B FHA (FICO 580 – 619):
Today’s FHA and VA Rate 30 Year Fixed:  4.750%; 5.787% APR
Texas Bond Program 77 (Assisted 4% Down-Payment Grant Program) – US Bank (640 Min)
Today’s BOND 77 Loan:  4.200%; 5.397% APR

FHA Reverse Mortgage (HECM)
Today’s Reverse Mortgage (HECM):  4.990%; 5.532% APR


“Conventional Rates and terms above based on an 80% LTV, 740 mid-FICO, 400,000 loan amount, and full income documentation. (Jumbo Assumes 800,000 Loan Amount, FHA Assumes 270,200 loan amount.)

Minimum Down Payments: FHA 3.5%, USDA 0%, CONV 20%, VA 0%, JUMBO 20%”

Bill Rapp
Sutherland Mortgage Services
Residential & Commercial
RMLO 228246
Toll Free: 877-521-PHMC  x 7224
Office: 713-579-7224
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