Mortgage Rate Watch

The spring market is officially here and the good news is that fixed rate mortgages are still hanging in the 4’s. Weekly jobless claims were slightly better than expected, down 5K to 382,000. Weekly claims continue to decline slowly, nevertheless it is a plus for the economic outlook. Here are today’s rates… 30 YR Fixed

4.875% 0 points

5 YR ARM 3.375% 0 points

15 YR Fixed 4.25% 0 points

Did you know that you can purchase a home putting down 5% and not have to pay PMI? If you would like to discuss in further detail, please feel free to give me a call!