District of Columbia Mortgage Rates: District of Columbia Mortgage Interest Rates Stable
February 8, 2011 (FreeRateUpdate.com) – District of Columbia mortgage interest rates remain stable after yesterday's uneasiness which caused mortgage rate increases from .125% to .375%.
Today's District of Columbia fixed rate mortgages are at 4.875% and 4.250% for District of Columbia 15 year fixed rate mortgages. District of Columbia 5/1 adjustable rate mortgages are at 3.250%. District of Columbia borrowers with good credit can still lock in these District of Columbia mortgage interest rates with 0.7 to 1% origination fee. District of Columbia fixed rate mortgages offer borrowers the security of a set mortgage payment for the life of the loan.
Current District of Columbia FHA 30 year fixed rate mortgages are at 4.625%, District of Columbia FHA 15 year fixed rate mortgages are at 4.000% and District of Columbia 5/1 adjustable rate mortgages are at 3.500%. District of Columbia FHA mortgage loans are slightly more costly for District of Columbia borrowers who must pay higher FHA closing costs (APR) due to various FHA fees and an upfront mortgage insurance premium.
Today's District of Columbia 30 year fixed rate jumbo mortgage loans are at 5.500% and 5.000% for District of Columbia 15 year fixed rate jumbo mortgage loans. District of Columbia 5/1 adjustable rate mortgages are at 4.125%. District of Columbia jumbo mortgage loans are those that are in excess of the conforming loan limit which is $417,000 to $729,250, depending on the area. These are the best District of Columbia jumbo mortgage rates available to District of Columbia borrowers with 0.7 to 1% origination fee.
District of Columbia's housing prices have remained fairly consistent throughout the economic crisis just as the unemployment rate has continued to stay low. Still experiencing an explosion of growth, District of Columbia residents can still purchase a home or refinancing an existing mortgage at today's low District of Columbia mortgage interest rates.
Today's MBS prices (mortgage backed securities) are down -2/32 (FNMA 30 yr 4.5 at 100.31) This is higher than earlier pricing which was down -10/32. MBS prices affect mortgage rates which move in the opposite direction. Markets are fairly stable today as no economic data is being released.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
District of Columbia Mortgage Rates
Today's District of Columbia 30 year fixed rate jumbo mortgage loans are at 5.500% and 5.000% for District of Columbia 15 year fixed rate jumbo mortgage loans. District of Columbia 5/1 adjustable rate mortgages are at 4.125%. District of Columbia jumbo mortgage loans are those that are in excess of the conforming loan limit which is $417,000 to $729,250, depending on the area. These are the best District of Columbia jumbo mortgage rates available to District of Columbia borrowers with 0.7 to 1% origination fee.
District of Columbia's housing prices have remained fairly consistent throughout the economic crisis just as the unemployment rate has continued to stay low. Still experiencing an explosion of growth, District of Columbia residents can still purchase a home or refinancing an existing mortgage at today's low District of Columbia mortgage interest rates.
Today's MBS prices (mortgage backed securities) are down -2/32 (FNMA 30 yr 4.5 at 100.31) This is higher than earlier pricing which was down -10/32. MBS prices affect mortgage rates which move in the opposite direction. Markets are fairly stable today as no economic data is being released.
FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders' rate sheets to determine the most accurate mortgage rates available to well qualified consumers at a standard .07 to 1 point origination.
District of Columbia Mortgage Rates