Weekly Rate Update
Good afternoon!
Most of this week’s volatility has been behind closed doors in congressional meetings. The markets have remained relatively calm considering all the news and uncertainty. Mortgage rates are up slightly from last week except the CHFA products which are up quite a bit.
Rates for the weekend:
FHAs and conforming conventionals are ranging from 6.000% to 6.875%. Jumbos are running from 7.250% to 8.000%.
Using CHFAs silent second to achieve 100% financing has rates running 7.375% for non-1st time home buyers and 6.750% for qualified 1st time homebuyers. These are up ½% from last week.
If you haven’t already, check out the information on the $7500.00 Federal Income Tax Credit. Click Here
Steve Terlau, Cherry Creek Mortgage
I always appreciate Steve’s updates on rates and valuable information, when you contact him be sure to tell him Shelli sent you!
Shelli Dore
303-942-0648