Rates are Bumping UP!

Good afternoon Sunshiners!

Here’s a look at the bump in rates since the beginning of the year. Thanks to our friend, Rick Whisman, for the rates and continuous follow up! Rates are slowly rising, give us a call TODAY to see how we can help you. Don’t forget to mention you heard about us on the blog or Facebook and ask for Ashley :). Have a Sunshine day!

THIS WEEK:

Conventional 30 year fixed                            4.250%           0 pts

Conventional 30 year fixed 3% Down           4.375%           0 pts

Conventional 20 year fixed                            4.125%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.375%           0 pts

LAST WEEK:

Conventional 30 year fixed                            4.125%           0 pts

Conventional 30 year fixed 3% Down           4.250%           0 pts

Conventional 20 year fixed                            4.000%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.250%           0 pts

 WEEK OF 1/9/18:

Conventional 30 year fixed                            3.875%           0 pts

Conventional 30 year fixed 3% Down           4.000%           0 pts

Conventional 20 year fixed                            3.625%           0 pts

Conventional 15 year fixed                            3.375%           0 pts

Conventional 5 year ARM                            3.375%           0 pts

Conventional 10 Year Arm                           3.625%           0 pts

FHA/USDA/VA 30 year fixed                      3.875%           0 pts

 

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MO Current Status: Better to Buy than Rent

 

Check out this map that shows that it is better to buy than rent right now due to the current interest rate in Missouri. Thank you to our favorite lender, Mike Mudry for the information!

 

http://www.mediacenternow.com/temp/13617_3.pdf?gd=4b5dd849-0a4d-4d04-b3d1-b58525a0b0da