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View Historical Rates to 1971!
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919-809-WAVE (9283)
*Important notice - a credit score below 740 will have a negative impact on the rate due to new mortgage guidelines.
All Jumbo Rates are Subject to new Credit Score industry guidelines
Friday, January 15, 2010 11:34:16 AM
All rates quoted are for a 30 Day Rate Locks only
| Mortgage Rates Raleigh NC |
Interest Rate |
Discount Point |
Origination Fee |
APR* |
|
30 Year Fixed - "Purchase Only" |
4.75% |
0.00% |
1.00% |
4.998% |
|
30 Year Fixed Purchase "Points" 30 day lock only |
na% |
1.00% |
1.00% |
na% |
|
30 Year Fixed - Refinance |
4.875% |
0.00% |
1.00% |
5.124% |
| 30 Year Fixed Purchase "Approved & Ready to Close" Must close and fund within 15 days. >740 credit score |
na% |
0.00% |
1.00% |
na% |
|
30 Year Fixed Purchase - less than <59% loan to value and $350,000-417,000.00 loan amount. 15 Day Lock Only. 41% down. |
na% |
0.00% |
1.00% |
na% |
| 30 Year Fixed Refinance - 1/2 Origination Fee |
5.00% |
0.00% |
0.50% |
5.251% |
| 30 Year Fixed Refinance - No Origination Fee* |
5.125% |
0.00% |
0.00% |
5.376% |
| 20 Year Fixed - |
4.75% |
0.00% |
1.00% |
4.929% |
| 15 Year Fixed - |
4.25% |
0.00% |
1.00% |
4.463% |
| 10 Year Fixed - No Origination Fee* |
4.25% |
0.00% |
0.00% |
4.589% |
| Lowest rate in the last 10 Days |
n/a% |
.75% |
1.00% |
n/a% |
| Adjustable Rate Mortgage "ARM" |
|
|
|
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| 3/1 ARM APR* based on future adjusted rate change - 740 and above credit score required "No Origination Fee" |
3.625% |
0.00% |
0.00% |
5.375% |
| 5/1 ARM APR* based on future adjusted rate change - 740 and above credit score required |
3.875% |
0.00% |
1.00% |
5.375% |
| 7/1 ARM APR* based on future adjusted rate change - 740 and above credit score required |
4.125% |
0.00% |
1.00% |
5.375% |
| 10/1 ARM APR* based on future adjusted rate change - 740 and above credit score required |
4.875% |
0.00% |
1.00% |
5.375% |
| Interest Only ARMS |
|
|
|
|
| 3/1 ARM APR* based on future adjusted rate change - 740 and above credit score required, 30 Day Lock Only |
3.625% |
0.00% |
1.00% |
5.375% |
| 5/1 ARM APR* based on future adjusted rate change - 740 and above credit score required, 30 Day Lock Only |
4.125% |
0.00% |
1.00% |
5.375% |
| 7/1 ARM APR* based on future adjusted rate change - 740 and above credit score required, 30 Day Lock Only |
4.25% |
0.00% |
1.00% |
5.375% |
| 10/1 ARM APR* based on future adjusted rate change - 740 and above credit score required, 30 Day Lock Only |
4.5% |
0.00% |
1.00% |
5.625% |
| Jumbo Loan Rates |
|
|
|
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| 30 Year Fixed Loan amounts above $417,000.00 and < 650k & 20% Down |
5.875% |
0.00% |
1.00% |
6.258% |
| 30 Year Fixed Loan amounts above $417,000.00 and < 650k & 20% Down |
n/a% |
n/a% |
n/a% |
n/a% |
| Jumbo Loan Rates "Agency" |
|
|
|
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| 30 Year Fixed Must be in a Fannie Mae designated area. Call for details or click here |
5.25% |
0.00% |
1.00% |
5.376% |
| VA Mortgage Loans |
Call |
0.00% |
1.00% |
n/a% |
| Investment Property |
|
|
|
|
| 30 Year Fixed 25% down payment or Equity |
5.5% |
0.00% |
1.00% |
5.629% |
| 30 Year Fixed 25% down payment or Equity - No Origination Fee |
5.75% |
0.00% |
0.00% |
5.880% |
| 30 Year Fixed 20% down payment |
5.75% |
0.00% |
1.00% |
5.880% |
Please Read: Consumer Handbook on Adjustable Rate Mortgages.
"Shopping for Your Home Loan" HUD's Settlment Cost Booklet
*Rates are subject to change without notice and depend in part on your unique credit history and transaction characteristics. Loan pricing may only be locked through a home mortgage consultant to be effective.
The information is provided for illustrative purposes only.
***All "Mortgage Rate" quotes shown come with one (1) point as an origination fee & Minimum 740 Credit Scores apply and approved credit and a $300,000.00 loan amount and up to 80% Loan to value.
If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the *ANNUAL PERCENTAGE RATE (APR).
Conforming loan rate and *ANNUAL PERCENTAGE RATE (APR) based on 20% down and a loan amount of $300,000.00 - 740 and above Credit Scores and approved credit.
Jumbo loan rate and *ANNUAL PERCENTAGE RATE (APR) based on 25% down and a loan amount of $450,000.00. - 740 and above credit scores and approved credit.
ARM and *ANNUAL PERCENTAGE RATE (APR) is based on the Start Rate and 1st Adjusted Rate Change which could be 2% higher. On adjustable-rate loans, rates and APR's are subject to increase over the life of the loan. Consumer Handbook on Adjustable Rate Mortgages.
Update to all loans: New FANNIE MAE & FREDDIE MAC credit score adjustments will now apply with credit scores below 740 middle score. You must complete and application along with credit and agency loan approval before a final rate can be quoted. Click Link to View Changes.
The displayed annual percentage rates (APRs) include total points and additional prepaid finance charges but do not include other closing costs. On adjustable-rate loans, rates are subject to increase over the life of the loan.
*^Rate float down can only be used with a specific lender. Each of our lenders has a different float down policy. The terms will be offered to you at time of application.
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