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!