VMG Weekly Interest Rate Tracker – 12/28/2016

December 28, 2016
Vantage Mortgage Group
Industry, Interest Rates, Mortgage, Vantage, Weekly Rate Tracker

DATE: Wednesday, December 28th, 2016

TIME: 2:30 PM PST

STATES: OREGON & WASHINGTON

CHANGE THIS WEEK: STAGNANT (since last Wednesday)

SUGGESTION: LOCK/CHECK VOLATILITY THIS WEEK (be in position to lock) – While the Fed does not directly change mortgage rates, their announcement to raise the federal funds/prime rate 0.25% last week (and again during 2017, but early speculation) sent investors spinning. There was a sell-off in the bond market Wednesday afternoon and into Thursday and mortgage rates worsened. Small recovery since then and potential for a little rebound in the coming weeks. Volatility expected to continue.

VMG’S FIXED RATE PRICING OPTIONS (rates subject to change)

Contact Loan Consultant for customized QUOTE.

You can also run your scenario in our online PRICING ENGINE.

GREEN = LENDER CREDIT BACK TO YOU (to apply to any 3rd party closing costs or prepaids) BASED OFF % OF LOAN AMOUNT

RED = OPTIONAL BUY-DOWN BASED OFF % OF LOAN AMOUNT

[[[CONTACT US FOR ADDITIONAL PROGRAM QUOTES SUCH AS CONFORMING HIGH BALANCE, ARMs, JUMBO, USDA, ETC.]]]

*Rates change daily. Conforming interest rate samples based off $260,000 loan amount, 80% Loan to Value, 740 or higher FICO score, with impounds on a 30 day rate lock period and $895 underwriting fee if not covered by lender rebates. FHA based off 3.5% down payment, but other same variables. Costs or credits shown pertain to interest rate and do not include any other applicable 3rd party title and escrow charges or prepaid tax and insurance reserves which may or may not apply. Lock period suggested depends on current loan volume and lending climate at time of loan application and approval. Other risk-based pricing adjustment may apply. The displayed annual percentage rates (APRs) include total points and additional prepaid finance charges but do not include other closing costs. On adjustable-rate loans, rates are subject to increase over the life of the loan. Learn more about assumptions and APR Information. Loan pricing may only be locked through a home loan consultant to be effective. Rates will depend in part on your unique credit history and transaction characteristics. Please email or call for updated pricing at anytime as rates and pricing are subject to change. This information does not constitute a loan commitment or approval.

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Harris Consulting, Inc. DBA Vantage Mortgage Group, Inc.