For more specific information, get Sioux Falls mortgage rates, Rapid City mortgage rates
South Dakota Mortgage Rates
| Bank | Rate | Term | Type | Points | Contact | Learn More |
|---|---|---|---|---|---|---|
| Unlock Bank | 2.75 | 5 Year ARM | FHA | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 3.5 | 30 Year Fixed | Jumbo | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 3.25 | 30 Year Fixed | FHA | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.75 | 15 Year Fixed | Jumbo | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.5 | 5 Year ARM | Jumbo | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 3.25 | 30 Year Fixed | Conforming | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.25 | 15 Year Fixed | Conforming | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.25 | 5 Year ARM | Conforming | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.75 | 15 Year Fixed | FHA | 0.7 to 1.6 | Show Phone Number | Learn More |
South Dakota Mortgage Rates: South Dakota Mortgage Interest Rates Unchanged
By: Rosemary Rugnetta | February 3rd, 2011
February 3, 2011 (FreeRateUpdate.com) – South Dakota mortgage interest rates are unchanged today as positive economic news was reported earlier in the day.
Current South Dakota 30 year fixed rate mortgages are at 4.750% and South Dakota 15 year fixed rate mortgages are at 4.000%. South Dakota 5/1 adjustable rate mortgages are at 3.000%. South Dakota borrowers with good credit and the ability to meet lender guidelines can still lock these attractive South Dakota mortgage rates with 0.7 to 1% origination point.
Today South Dakota FHA 30 year fixed rate mortgages are at 4.500% and 4.000% for South Dakota FHA 15 year fixed rate mortgages. South Dakota 5/1 adjustable rates mortgages are at 3.000%. South Dakota FHA mortgage loans have higher closing costs APR) due to the upfront mortgage insurance premium and other various South Dakota FHA fees charged at closing.
Current South Dakota 30 year fixed jumbo mortgage loans are at 5.250%, South Dakota 15 year fixed jumbo mortgage loans are at 4.625% and South Dakota 5/1 adjustable rate mortgages are at 3.750%. Available with 0.7 to 1% origination fee, South Dakota jumbo mortgage loans are for South Dakota borrowers in need of mortgage loans in excess of the conforming loan limit which is $417,000 to $729,250, depending on the area.
This year is predicted to be a good year for the South Dakota housing market. South Dakota home prices have continued to rise for the past five years. With a low unemployment rate and low mortgage delinquency rate, South Dakota borrowers can still take advantage of low South Dakota mortgage loan rates for their home purchase or refinancing.
MBS prices (mortgage backed securities) started the day down -8/32 and are currently down -10/32 (FNMA 30 yr 4.5 at 101.12). MBS prices affect mortgage interest rates which move in the opposite direction.
Positive economic data reported today showed lower than expected jobless claims and a better than expected productivity rate.
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.