INTEREST RATE UPDATE
The Wuhan coronavirus has been significantly affecting US markets since January 21. Between then and now, mortgage rates have been continuing to fall moderately. Average mortgage rates fell appreciably on Friday, as we predicted. Current mortgage rates are near an all-time low in three years. That means it’s best to shop today’s mortgage rates now, while you can get the lowest interest rates available.
30 Year Conventional
- Rates: 3.5%
- APR: 3.612%
- Points: 0%
7/1 Jumbo ARM
- Rates: 3.0%
- APR: 3.15%
- Points: 0%
PRODUCT & PROGRAM UPDATE: ditch your monthly pmi
Did you know you can purchase a home with as little as 6% down payment and get an awesome conventional loan without paying monthly PMI? Our new Financed MI loan program allows you to eliminate a costly line item from your mortgage payment. You can buy a home for approximately $810,000 with 6% down payment without paying a monthly PMI.
The We Fund LA Team
