Are you thinking about buying a home?
Interest rates remain very good.
See the rate chart below:
Current Interest Rates
Rates last updated: January 26th, 2016 08:51:35 GMT-0800 (AKDT)
|Today’s FHA/VA Rates|
|FHA/VA 30 Year Fixed||3.625%||4.718%|
|FHA/VA 15 Year Fixed||3.000%||4.139%|
|Today’s Conventional Rates|
|30 Year Fixed||3.875%||4.691%|
|15 Year Fixed||3.250%||3.431%|
|Today’s AHFC 30 Year Fixed|
|Tax Exempt 1st Time Home Buyer||3.625%||4.419%|
|Taxable 1st Time Home Buyer||3.750%||4.588%|
|Rural Owner Occupied||3.750%||4.588%|
Interest rates and APR for all loan programs are based on Sales price of $300,000 with minimum program down payment and owner occupied single family properties.
Conventional financing assumes a credit score of at least 740, with a minimum 5% down.
FHA financing assumes a credit score of at least 680, with a minimum down payment of 3.5%, and subject to FHA upfront and monthly MIP. Other rates available for borrowers with lower credit scores.
VA financing assumes a credit score of at least 680, zero down payment, and first time use of VA eligibility. Min Other rates available for borrowers with lower credit scores.
John Collinge is an Anchorage Realtor at Remax Dynamic Properties
Remax Dynamic Properties
Courtesy of Lisa Guillory