Mortgage Rate Update!

Wilcox Real Estate Gastonia

Weekly Mortgage Rate Update and Trusted Lender Programs

Current Mortgage Rates Comparison

On August 14, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.74 percent with an APR of 3.85 percent. The average 15-year fixed mortgage rate is 3.13 percent with an APR of 3.33 percent. The 5/1 adjustable-rate mortgage (ARM) rate is 3.99 percent with an APR of 7.01 percent per Bankrate Mortgage Rates

Tody’s Rates:

 National Mtg Rate Averages
 
Today
30 Year Fixed Purchase
3.55%
15 Year Fixed Purchase
3.25%
5/1 ARM Purchase
3.38%
*Keep in mind that we do VA, USDA, 203K, Down Payment Assistance, CP, Jumbo, Conv’l Rehab and others. 
Today’s NC Home Advantage Program Rate
 
FHA with 3% assistance
4.5%
FHA with 5% assistance
5.00%
97% Conventional with 3% assistance
4.625%
$8,000 Down Payment Assistance
3.875%

USDA Turn Times for Approval in NC
USDA Turn Times for Approval in SC
Processing loans submitted 8/22/19
4 business days

As Always, for all loan/lender needs I always highly recommend Trevor Higgins with Fairway Mortgage!

 

TAYLOR PELZEL

(828) 228-2271

Pelzel.Taylor@gmail.com