Mortgage rates continue to be at historic lows, with 30 year fixed rates as low as 3.625% on a conforming loan, 30 day lock. 

Today's rates 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

 

3.625%

1.0%

0.0%

0.0%

30 Year Fixed

 

3.875%

0.0%

0.0%

0.20%

15 Year Fixed

 

2.875%

0.75%

0.0%

0.0%

7/1 Arm

 

3.375%

0.0%

0.0%

0.125%

FHA, VA, (Primary Residences)

3.50%

0.375%

0.0%

0.0%

30 Year Fixed Investor (75% LTV)

3.99%

0.75%

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.