A brief mortgage rate update for today. Rates are getting a little bit better today. Here is the 48 hour chart:
Rates and the stock market a waiting to see what happens with Trump and his tariff idea. The markets don't like it, but it might actually help mortgage rates.
Here is a pricing scenario:
740+ credit score, 20% down, purchase, conventional loan.
4.5% Rate (4.641% APR)
I always tell people that they can have any rate that they want. I priced this scenario with no extra cost for the rate, and no lender credit. If you wanted to pay about 1% of the loan amount towards a discount in the rate, you'd be looking at 4.250% (4.347% APR).
Each scenario will be different. Please let me know if you'd like me to run a scenario for you!