This three day Mortgage Market meltdown continues!
We have had three days of “worsening prices” numerous times throughut the day, Monday, Tuesday and now already on Wednesday morning. A 30 year fixed on Monday morning was 4.75% with No points or origination and this morning that same rate of 4.75% comes with over 1 point of origination for qualified borrowers.
However… This same exact Mortgage pricing took place in December of 2009 and look what happened the following year. Mortgage rates fell to all-time lows.
Jumbo Mortgage Pricing has not been effected like Conforming and FHA pricing
- 30 year Jumbo at 5.25% with NO points or origination
- 5/1 ARM at 4% with NO points or origination
Inquire within for Mortgage Pricing.