30 year conventional rate mortgage remains in the 4.75% to 5.00% range for the best qualified consumers. with FICO score of 740 or higher, a loan to value at 80% or less and pay all closing costs including one point loan origination. 15 year term in the 4.25% to 4.50% range with the same closing costs.
Today I was quoting 4.50% 1 point for the best qualified customers, 30-day lock.
Let’s keep reminding first time home buyers that the clock continues to tick for the first time home buyer tax credit of up to $8,000 which is set to expire on November 30th. I suspect however that the tax credit may be extended for one more year.
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