Did you know that rates vary by state? With one lender I even had separate rates for Northern and Southern California. I get separate rate sheets for each state or "adjustments" to the posted rate for each state. This is why when people look online for the "National Average" 30 year fixed rate it can be misleading. Here are a couple of examples from rate sheets:
States Adjustments
FL, TX 0.125
OK, ND, GA 0.000
AK,LA, AR, MS, TN, PA (0 050)
ID, NM, AL, NE, OR, NC, SC, NY (0.100)
HI, WI, NH, MO, SD, WV, IN, OH, MD, DE, NJ (0.100)
IL, MI, ME, NV, VT, WY, DC, CT, IA, MT, KS, VA, WA, KY, UT (0.160)
CO, MN, RI, CA, MA, AZ (0.200)
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State Price Adjusters:
0.250 (FL, OK, PA, TX)
(Applicable to Fixed Rates on this page only) -0.125 (AL, AR, CT, GA, IN, KS, KY, LA, MI, MO, MS, NC, NE, NJ, OH, SC, TN, VA) 0.125 (DC, MT, UT, WY)
0.000 (All Other)
Make sure to call your local mortgage professional for current and accurate rates. Have a great day!
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Mortgage Interest Rates*
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Rates as of Tuesday, 7th July, 2009:
Conforming Rates Rate APR Payment per $1,000
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Conforming
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APR
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Payment per
$1,000
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Jumbo
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APR
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Payment per
$1,000
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30-Yr. fixed
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4.75%
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4.794%
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$5.29
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Call
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0.000%
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$0.00
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15-Yr. fixed
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4.25%
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4.457%
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$7.52
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for
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0.000%
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$0.00
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7-Yr. fixed ARM
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4.375%
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4.493%
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$4.99
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jumbo
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0.000%
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$0.00
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5-Yr. fixed ARM
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4.25%
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4.367%
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$4.92
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rates
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0.000%
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$0.00
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10 Yr. fixed ARM
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4.50%
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4.711%
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$5.14
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0.000%
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$0.00
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5-Yr. Interest Only
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4.25%
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4.367%
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$3.54
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0.000%
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$0.00
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*Rates are subject to change due to market fluctuations and borrower's eligibility.
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Rates subject to change. Certain credit requirements and other conditions apply. This is not a guarantee to lend. Rates based on a 12 day lock period. Credit determination must be made prior to approving rate. Equal opportunity lender. CA DRE Lic.#01366552 FPF CA DRE Lic#00654852 NC Lic#I139451 OR ML3337 WA 510-MB-30588-51099
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First Priority Financial
3700 Hilborn Road #700 Fairfield CA 94534
888-206-5781 x 1017
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Old Cannery Building Astoria Oregon
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My services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review. Visit my website: www.nevinhomeloans.com
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Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise! Send us an e-mail with the city and state. nevin@nevinloans.com
You may also call me (888) 206-5781 x 1017
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