Rates have seen very little relief this week. Rates are about an eighth (.125%) better across the board. Lots of offers in right now on homes, and lot’s of waiting. The majority of purchases we are seeing are on short sales which means waiting for bank responses. That gives two options when it comes to locking in your rate. You can lock and hope, paying for extensions as needed OR you can float with no lock and take the best rate available when the bank approves that sale. There are ups and downs to both options so review with your lender very carefully. Here are the current rates today…30 year Fix Full Am
1 point: 6.250%
2 points: 6.000%
15 year Full AM
1 point: 5.875%
2 points: 5.500%
5 year ARM Full Am
1 point: 5.500%
2 points: 5.125%
1 point: 6.250%
2 points: 6.000%
15 year Full AM
1 point: 5.875%
2 points: 5.500%
5 year ARM Full Am
1 point: 5.500%
2 points: 5.125%
Click HERE for a simple search tool that shows only FORECLOSURE PROPERTIES in San Diego.
Broker ID# 01807122. Mortgage rates are specific to each individual’s financial scenario. These estimates are based on scenario with a conforming loan amount, FICO of 770, 20% down, full documentation, 6 months reserves, owner occupied, 30 day lock. To complete a request for your individual estimate click HERE.
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