30 Year Fixed Hits New Record Low

Yesterday and so far this morning, you can lock in 4.00% for a 30 year fixed rate (apr 4.147) based on the standard criteria that I use for my Friday Rate posts at Rain City Guide:

  • Priced with 1 point total (origination/discount)
  • 740 or higher mid-credit score
  • $400,000 loan amount
  • 80% loan to value or lower
  • closing in 45 days

If any of the above variables are different, it may impact the pricing of the rate.    

This morning, mortgagae backed securities are in a position for a reprice for the worse so it’s hard to say how long this rate will be available.

I just had to share in case tomorrow’s rates appear to be the unchanged.  Remember rates are a moving target and change throughout the day….sometimes often!

This entry was posted in Industry Talk, Mortgage Rates by Rhonda Porter. Bookmark the permalink.

About Rhonda Porter

Rhonda Porter is an NMLS Licensed Mortgage Originator MLO121324 for homes located in Washington state. Her blog, The Mortgage Porter, is nationally recognized for sharing relevant information to consumers about mortgages. She has been originating mortgages since 2000 at Mortgage Master Service Corporation #40445 Consumer NMLS Website: http://www.nmlsconsumeraccess.org/TuringTestPage.aspx?ReturnUrl=/EntityDetails.aspx/COMPANY/40445 NMLS ID 40445. Equal Housing Opportunity. You can follow Rhonda on @mortgageporter, Facebook and/or Google+

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