In light of the strong labor reports, mortgage interest rates are up. I've just posted them at Rain City Guide.
Remember, the rates shown are based on:
- 680 or higher mid credit scores
- 20% down payment with a sales price of $500,000 (except FHA)
- Priced with one point (discount or origination)
- Include an escrow reserve account
Even though I'm posting mortgage interest rates, I don't believe this should be your only factor in selecting a Mortgage Professional.
And, please don't rely on APR for rate shopping if you ask 3 different LOs for the same exact estimate, you will probably get 3 different APRs. There are allowed variances in APRs: an eighth 1/8 (.125) on fixed rate products and a quarter 1/4 (.25) on adjustable rate products.
Remember, rates change constantly and may adjust several times a day.
