Mortgage rates have mostly drifted sideways this summer. Today’s rates are right in line with where they were in late April.
This stability is much needed for home sales. The biggest concerns for us right now has got to be tight affordable inventory pressure and any further spikes in mortgage rates.
Today’s Rates:
- Conventional 30 year fixed rates currently priced at 4.625%.
- Conventional 15 year fixed rates currently priced at 4.25%.
- FHA & VA 30 year fixed rates currently priced at 4.50%.
- Jumbo 30 year fixed rates currently priced at 4.625%.
- MFA First Home Conv rates currently priced at 4.75%.
- MFA Next Home Conv rates currently priced at 5.875%.
Waylon Gentry
Branch Sales Manager I NMLS 492542
Bank of Albuquerque Mortgage
3900 Vassar DR NE I Albuquerque, NM 87107
505-828-3705 I Phone
505-417-8619 I Cell
505-855-7389 I Fax
wgentry@bokf.com I E-Mail
Leave a Reply