Rates saw a slight uptick across the board from last weeks report, with a 30 Year Fixed Conforming loan rising to 3.875%.
These rates are brought to you by Mortgage Network, one of our local Outer Banks recommended professionals and are subject to change without notice.
|
Product |
Rate |
Origination |
Points |
Lender Credit |
|
30 Year Fixed
|
3.875% |
0.25% |
0.0% |
0.0% |
|
30 Year Fixed
|
3.990% |
0.0% |
0.0% |
0.625% |
|
15 Year Fixed
|
3.250% |
0.0% |
0.0% |
0.25% |
|
5/1 Arm
|
2.625% |
1.00% |
0.0% |
0.0% |
|
FHA, VA, (Primary Residences) |
3.750% |
0.0% |
0.0% |
1.5% |
|
30 Year Fixed Investor (75% LTV) |
3.990% |
1.00% |
0.0% |
0.0% |
Discount Point. Amount paid to the lender to lower the interest rate on your mortgage loan. Each discount point is equal to 1% of your loan amount. (e.g., 1,000 on a $100,000 loan).
Origination Fee. A fee paid to a lender for processing a loan application, making a home loan, and recording a mortgage against the borrower's real property as security for repayment of the loan. The origination fee is stated in the form of points. Each point is 1% of the loan amount (e.g., 1,000 on a $100,000 loan).
Lender Credit. A credit offered by a lender that reduces the actual amount of the closing costs.