The last few days have been hard in the stock market, but that has translated to improved mortgage rates. Bad news is good news for those in Real Estate!
Here's a sample of today's rates, 0+1, with escrows. These are subject to vary based on loan amount, occupancy, credit quality and other factors:
Conventional (using 250K as amt) 30 yr fixed 6.00%
15 yr fixed 5.625%
5/1 ARM 5.625%
Jumbo (using 650K as amt) 30 yr fixed 6.375%
15 yr fixed 6.25%
5/1 ARM 6.00%
Compliments of Ashleigh Sumlin, Bradford Mortgage Company, Charlotte, NC 704-373-2289
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