Lowest Mortgage Rates February 2013

Mortgage Rates Increased to 3.53% and Expected to Rise in Coming Months

Lowest Mortgage Rates February 2013

 DESCRIPTION
 RATE
 POINTS
 APR
 Agency Conforming 15 Yr Fixed
 2.375
  2.500
 2.873
 Agency Conforming 15 Yr Fixed
 2.5
  1.500
 2.861
 Agency Conforming 15 Yr Fixed
 2.625
  1.000
 2.918
 Agency Conforming 15 Yr Fixed
 2.75
  0.000
 2.903
 Agency Conforming 15 Yr Fixed
 2.875
 No Closing Costs
 2.875
 Agency Conforming 30 Yr Fixed
 3.125
  3.000
 3.443
 Agency Conforming 30 Yr Fixed
 3.25
  2.000
 3.493
 Agency Conforming 30 Yr Fixed
 3.375
  1.000
 3.541
 Agency Conforming 30 Yr Fixed
 3.5
 No Closing Costs
 3.5
 Agency Jumbo 15 Yr Fixed
 2.625
  2.750
 3.14
 Agency Jumbo 15 Yr Fixed
 2.75
  1.750
 3.127
 Agency Jumbo 15 Yr Fixed
 2.875
  1.000
 3.148
 Agency Jumbo 15 Yr Fixed
 3.0
  0.000
 3.132
 Agency Jumbo 15 Yr Fixed
 3.125
 No Closing Costs
 3.125
 Agency Jumbo 30 Yr Fixed
 3.375
  2.750
 3.666
 Agency Jumbo 30 Yr Fixed
 3.5
  2.000
 3.734
 Agency Jumbo 30 Yr Fixed
 3.625
  1.000
 3.781
 Agency Jumbo 30 Yr Fixed
 3.75
  0.000
 3.827
 Agency Jumbo 30 Yr Fixed
 3.875
 No Closing Costs
 3.875

[schema type="person" name="Sam Stamper" orgname="EveryLoan.com" jobtitle="Business Development" url="http://www.everyloan.com" description="Mortgage Rates. Mortgage Loans. Real Estate Finance " bday="1967-08-18" street="65 Enterprise" city="Aliso Viejo" state="CA" postalcode="92656" country="US" email="[email protected]" phone="949-734-4420" ]

Since the start of 2013, U.S. mortgage rates have been rising. Conforming mortgage rates increased more during January, than any other month since February 2011, based on Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS),

In addition, a 30-year fixed rate mortgage rate is at its peak since September 2012.Lowest Mortgage Rates February 2013

 

Mortgage Rates Increased to 3.53%

Mortgage rates are constantly changing. This week, the average U.S. 30-year fixed rate mortgage rate increased by 0.11 percentage points to 3.53 percent. This rate is accessible to “prime borrowers” that will pay 0.7 discount points plus closing costs. A discount point is paid at closing and is a one-time, upfront fee. 1 discount is equivalent to 1% of your loan amount.

The “prime borrower” is someone that has a FICO score of 740 or better, verifiable income, and a 20% down payment or equity ownership.

The 11 basis point jump this week highlights the greatest one-week mortgage rate increase in more than 3 quarters. Also, the benchmark rate is currently at its peak since the last 4 months.

15-year fixed rate mortgage rates also rose on average 0.10 percentage points to 2.81% nationwide.

While the economy is improving, mortgage rates are not. This means that the lowest rates may never be available again.

 

Mortgage Rates to 4% in Near Future?

 

The market this year is different than previous years. The U.S. economy and Eurozone are demonstrating strength. In addition, the Federal Reserve may be slowing down its market support. These factors are causing the mortgage rate to reverse.

The Mortgage Bankers Association expects 4.4% mortgage rates by the end of 2013.

If you are floating a mortgage, now may be the time to locking one in before rates increase in coming months.

Don’t wait to take advantage of current rates. Let us help you today.

Lowest Mortgage Rates February 2013

 

 

 

 

Sam Stamper

Mortgage Banker

EveryLoan Mortgage

 

65 Enterprise #485

Aliso Viejo,
CA
92656

800-383-7956

949-734-4420


[email protected]

EveryLoan home page:

 

[schema type="person" name="Sam Stamper" orgname="EveryLOan.com" jobtitle="Business Development" url="http://www.everyloan.com" description="Mortgage Rates. Mortgage Loans. Real Estate Finance " bday="1967-08-18" street="65 Enterprise" city="Aliso Viejo" state="CA" postalcode="92656" country="US" email="[email protected]" phone="949-734-4420" ]

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