Mortgage rates are amazing right now. They will be going up this year and there is a prediction they will start to rise up in 3rd quarter. They believe they will rise to around 5% so now’s the time to buy a house when you can purchase a lot more with a lower interest rate.
Interested in knowing what your potential mortgage could be? Use the F.C. Tucker Mortgage Calulator.
If you haven’t seen it also take a look at the new announcement on FHA loans about the loan limit increase.
Conventional ($100,000-$417,000)
- 30 Year Fixed: 3.625%
- 20 Year Fixed: 3.5%
- 15 Year Fixed: 3.0%
- 10 Year Fixed: 2.875%
Fannie 97: 3.75%
- 7/1 ARM: 3.125%
- 5/1 ARM: 2.875%
Jumbo ($417,001-700,000)
- 30 Year Fixed: 4.0%
- 5/1 ARM: 3.0%
Super Jumbo ($700,000-1.5M)
- 30 Year Fixed: 3.625%
- 15 Year Fixed: 3.0%
- 7/1 ARM: 3.0%
- 5/1 ARM: 2.75%
Government Loans
- FHA 30 Year Fixed: 3.5%
- VA 30 Year Fixed: 3.5%
- USDA 30 Year Fixed: 4.125%
By Keri Schuster, talktotucker.com/keri.schuster
