CNBC analysts were talking about how rates would be at 4.5% levels this time next year and they are getting closer and closer to 5%. Rates have been going higher and higher since early May. Anyone looking to close within the next short term period then you might be better off locking into a rate as the rate climb seems to be an ongoing trend.
Today's Mortgage Rates
Conventional 30 year fixed 4.75% APR 4.807%
Conventional 15 year fixed 4% APR 4.094%
The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 780 and a 20% down payment. If you would like a customized rate quote for your own specific loan scenario then please feel free to email me at nima@primeres.com or call me directly at 203.913.6016.
As a lending professional, Nima Rezvan meets a wide range of real estate lending needs, whether it be a first time purchase, second home purchase, or refinance. He welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. With his expertise and knowledge, he will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.
With more than 10 years of mortgage lending experience, Nima specializes in Conventional Mortgages, Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)
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The Featured Home of the Week is at 125 Norton Road in Easton for $1,349,900. See the virtual tour HERE
Buying or Selling a Home in Fairfield County? Contact us!
If you have a question about buying or selling Real Estate in Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy
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