A few months ago I posted a video message about extreme low Atlanta mortgage rates, and some people took advantage and locked in. But the rates did not stay that low for long. They rose…not very high, but certainly off the lows.
I am going to offer a sampling of rates – and long time readers of this blog will note that I do not publish rates very often. That is because so many factors go into pricing a loan nowadays that it is hard to toss out a generic rate. But, that said, here goes.
Well, not sure how long it will last, but take a look at a sampling of rates right now:
The current rates, based on Owner Occupied home, a $260K loan amount, 80% LTV and 760 credit score and full closing costs (but no discount points), are:
30 year fixed: 3.75% (APR 4.014)
15 Year Fixed: 3.125% (APR 3.374)
7/1 ARM: 2.875% (APR 3.052)
5/1 ARM: 2.5% (APR 2.703)
For fixed rates, add .25 to rate to charge NO Origination; and .375 to rate for NO Origination on ARM’s.
Rates can be a bit higher than that for higher LTV’s, lower loan amounts or lower credit scores. But, they are still at the lowest point ever, so wherever you and your loan falls, you should take advantage to refinance, right now.
And, consider it a Christmas present…from the markets, if you will.
Call me to see about refinancing at 1-800-MY-LOANS (1-800-695-6267), or just click to fill out a form for a free rate quote.