South Carolina Mortgage Rates
South Carolina Mortgage Rates: Borrowers See South Carolina Mortgage Rates Remain Stable
January 25, 2011 (FreeRateUpdate.com) – After a positive consumer confidence report released today, South Carolina borrowers see South Carolina mortgage rates remain stable. Today's South Carolina 30 year fixed rate mortgage are at 4.625% and 3.875% for South Carolina 15 year fixed rate mortgages. South Carolina 5/1 adjustable rate mortgages also remain at 3.125%. With good credit and the ability to be approved, South Carolina borrowers are still able to lock these low South Carolina mortgage loans with 0.7 to 1% origination fee. South Carolina FHA mortgage loans continue to be popular with South Carolina borrowers due to their competitive South Carolina FHA mortgage rates and the low down payment requirement. Current South Carolina FHA 30 year fixed rate mortgage loans are at 4.500% and 4.000% for South Carolina FHA 15 year fixed rate mortgage loans. South Carolina 5/1 adjustable rate mortgages are at 3.125%. South Carolina FHA mortgage loans have higher closing costs (APR) due to applicable FHA fees and the upfront mortgage insurance premium charged to borrowers.
South Carolina jumbo mortgage loans are available for South Carolina borrowers who have outstanding credit and can meet lender approval. Today's South Carolina 30 year fixed jumbo mortgage loans are at 5.125% and South Carolina 15 year fixed jumbo mortgage loans are at 4.750%. South Carolina 5/1 ARM adjustable rates mortgages also remain steady at 3.875%. These South Carolina jumbo mortgage loans are available with 0.7 to 1% origination fees to those South Carolina borrowers in need of jumbo mortgage loans which are in excess of the conforming loan limit.
MBS (mortgage backed securities) prices are unchanged after dropping -2/32 from a high of +6/32. Mortgage rates are affected by MBS prices and move in the opposite direction. Today's better than expected consumer confidence report leveled out MBS prices after a volatile morning.
South Carolina is seeing improvement in the housing market in addition to some of the biggest job gains in December. This is positive news for South Carolina residents and those wishing to relocate to South Carolina.
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.
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FHA Mortgage 101
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference
- Conventional vs. FHA mortgage, the difference