Thank you to David Alsever, Senior Loan Officer at Prospect Mortgage for this mortgage rate update.
"For this week ending we saw pressure on rates to bump up .125 - .25% with stronger than expected economic data. Markets continue to watch the crisis in the Ukraine and, if it worsens, there will be a push back to more secure Treasuries and MBS’s. While it’s nice for rates to stay low, I do not think anyone would like it to happen that way."
Generic rates are as follows. Remember, rates can change based on changes in qualifying factors and time.
30-Year Fixed: 4.625%
15-Year Fixed: 3.875%
5/1 ARM: 4.125%
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