Weekly Mortgage Rates
February 20, 2020
Fixed Rates based on 740 Credit Score, 80% LTV. On approved credit. Your actual rate could be higher. Primary Residence. Rates are subject to change. Contact Intent Mortgage to get an Official Loan Estimate.
Conventional
3.50%
(3.519% APR)
FHA
2.962%
(3.985% APR)
VA
2.907%
(3.113% APR)
Jumbo
3.50%
(3.511% APR)
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How Low Rates Benefit Both Buyers & Realtors
HIGHER SALES PRICES
Buyer Benefits:
-QUALIFY FOR MORE AT THE SAME PAYMENT -INCREASE THE # OF HOMES YOU CAN SEE
Realtor Benefits:
-GREATER NUMBER OF LISTINGS TO SHOW -INCREASED COMMISSIONS
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CLOSING COST CREDITS
Buyer Benefits:
-LESS CASH NEEDED TO CLOSE -SUBMIT MORE COMPETITIVE OFFERS
Realtor Benefits:
-LESS NEED FOR SELLER CONTRIBUTIONS -CLIENT’S OFFERS GET ACCEPTED SOONER
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SPEED + EFFICIENCY
Buyer Benefits:
-LESS PAPERWORK REQUIRED -FASTER LOAN APPROVALS
Realtor Benefits:
-NEGOTIATE BETTER WITH QUICK CLOSINGS -LOAN APPROVAL DAYS/WEEKS EARLY
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