Hello everyone. I hope you had a great Easter weekend. Markets were closed for Good Friday and therefore interest rates remained the same for the past 3 days. Just a side note, the New York Stock Exchange and Nasdaq are not Federal or State institutions.
From a lender in Rochester last Thursday:
April 5, 2012
MARKETS WILL BE CLOSED ON GOOD FRIDAY
Quoted 30 day lock – purchase transactions
Conforming 30 yr fixed w/1 % origination
**No cost float down
4.00% APR 4.180%
Conforming 15 Yr Fixed w/1% orig. fee
3.125% APR 3.438%
FHA 30 YR FIXED w/1% orig. fee
**No cost float down
3.75% APR 4.678%
VA 30 yr fixed w/1% origination
**No cost float down
3.75% APR 4.107%
Rural Development 100.00% LTV
35 day lock only – min credit score – 640
w/ no origination fee
3.750%* APR 4.055%
MNHFA – Bond Loans w/ 1% orig. fee- First Time Home Buyer
3.500% APR 4.483%
JUMBO LOANS, up to $2,000,000 LOAN AMOUNTS- w/1% origination fee- up to 90% LTV no mortgage insurance*
4.625%* APR 4.972%
Anyone interested in searching for Rochester, MN real estate can do so for free at either of these websites:
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