Current Interest rates
30 year fixed rate: 4.00% (APR 4.079%)
20 year fixed rate: 4.125% (APR 4.218%)
15 year fixed rate: 3.75% (APR 3.868%)
FHA 30 year fixed: 3.625% (APR 5.032%)
USDA 30 year fixed: 3.75% (APR 4.387%)
Forecast for Interest Rates:
Interest rates, overall, are increasing. I expect them to keep increasing...slowly but surely.
Rate lock deadline is 3:30 pm MST and does not open up again till 10:30 am. Rates can change at any minute. Interest rates are subject to change at any time. Conventional rates are based upon a Rate and term refinance, 740 FICO score, loan amount of $180,000 and 60% LTV. FHA rates are based upon LTV of 96.5%, loan amount of $180,000 and 680 FICO score. USDA rates are based upon a FICO score of 720 and a loan amount of $180,000. Income and geographic restrictions apply to the USDA loans. All rates are based upon an owner occupied single family residence. Any other FICO scores or scenarios may get the exact same rate as advertised depending on the market. Call to get your individual rate quote.