We often get asked how mortgage rates are. As you may know, they are constantly changing, but have remained historically low as of late.
According to one of our loan officers at LendUS, the European Central Bank recently put out a report expressing concern over the current economic slowdown in Germany.
This slowdown has actually caused a ripple effect, in which more U.S. bonds are being bought, and mortgage rates are reduced.
Of course this is how things stand at the moment. Only time will tell whether or not that will continue.
Rates as of 2-7-19:
Conventional 30 year: 4.625%
Conventional High Balance: 4.5%
JUMBO 30: 4.5% Interest Only Option: 4.625%
5/1 ARM 3.875% Interest Only Option: 4.5%
7/1 ARM 4.0% Interest Only Option: 4.5%
Let us know if you’d like more information…