After a wild Monday set the tone for a volatile week for financial markets, mortgage rates end the week only slightly worse than where they started. If you are buying or refinancing your mortgage in the next 30 days, please shop your mortgage with us. Free rate and fee quote available online at CinchHomeLoans.com. Below is a snapshot of how great our rates are!
30 Year Fixed Rate Conventional Loan
3.750% Rate, 3.795% APR, $1,481.97 P&I Payment, $2,292.60 TOTAL LENDER FEES
3.875% Rate, 3.875% APR, $1,504.76 P&I Payment, $199.80 TOTAL LENDER FEES
4.000% Rate, 4.000% APR, $1,527.73 P&I Payment, $2,401.80 TOTAL LENDER CREDIT
15 Year Fixed Rate Conventional Loan
2.875% Rate, 3.030% APR, $2,190.67 P&I Payment, $3,969.40 TOTAL LENDER FEES
3.00% Rate, 3.013% APR, $2,209.86 P&I Payment, $817.40 TOTAL LENDER FEES
3.125% Rate, 3.125% APR, $2,229.15 P&I Payment, $1,816.20 TOTAL LENDER CREDIT
As of August 28, 2015
The above quote is based on a $320,000 loan amount, $400,000 value/purchase price, a 740 credit score, 30 day rate lock quote, no escrow waiver, Utah property, purchase or no cash out refinance loan purpose. The lender fees/credit include all associated origination and lender fees and also includes the appraisal and credit report fee. A lender credit would be used to offset any other settlement charges.
Additional third party settlement charges that should be considered are title and closing fees, and prepaid escrows for property taxes and homeowner’s insurance.
Want an idea of what the driving forces are for mortgage rates and what could have an affect on them in the coming week?
Click here for more information. http://mortgageratesupdate.com/troyevans
To see other loan programs, or enter your exact loan scenario, visit us online at CinchHomeLoans.com, call us at 801.251.6424, or send us an email at troy@cinchhomeloans.com. NMLS# 399255, 309441
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