17 Oct October 2018 Mortgage Update!

Current Mortgage Rates 10-17-2018

Mortgage Type National Local APR%
 15 yr fixed mtg             1 4.375% 4.25% 4.398%
 30 yr fixed mtg             2 5.0% 4.875% 4.949%
 30 yr fixed jumbo mtg   3 4.625% 5.125% 5.142%
 5/1 ARM                       4 4.25% 4.50% 5.311%
 5/1 jumbo ARM            5 4.25% 4.50%      5.284%
FHA 30 yr fixed mtg      6 5.0% 4.375% 5.759%

Rates obtained 10-17-2018

All Conventional Purchases are based on a $400,000 purchase with 20% down payment, 760 credit. Jumbo options are based on a $760,000 purchase with 20% down and 760 credit.  FHA is $400,000 Purchase with 10% down, 760 credit.  ALL DTI’s must be under 35/45.    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 9:00am, 10-17-2018. Call today for a personalized quote. 1 PITI $2,707; 2 PITI $1,994; 3 PITI $3,861; 4 PITI $1,922; 5 PITI $3,631; 6 PITIMI $2,395

Kevin Teel Mortgage | Your Fun Mortgage Broker | NMLS 207117 | COMB100021250

3900 Oakwood Drive | Longmont, CO 80503 | 303-709-3328 FX 720-864-1511

Regulated by the Division of Real Estate

 

 

 

 

 

 

Austin Ellis
austin@fourstarrealty.com