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Vermont Mortgage Rates
| Bank | Rate | Term | Type | Points | Contact | Learn More |
|---|---|---|---|---|---|---|
| Unlock Bank | 2.75 | 15 Year Fixed | FHA | 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 | 2.25 | 5 Year ARM | Conforming | 0.7 to 1.6 | Show Phone Number | Learn More |
| Unlock Bank | 2.75 | 5 Year ARM | FHA | 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 | 3.25 | 30 Year Fixed | 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 | 2.75 | 15 Year Fixed | Jumbo | 0.7 to 1.6 | Show Phone Number | Learn More |
Vermont Mortgage Rates: Mortgage Rates in Vermont Remain the Same
By: Rosemary Rugnetta | January 26th, 2011
January 26, 2011 (FreeRateUpdate.com) – As investors await today’s Fed announcement, mortgage rates in Vermont remain the same but are at risk of reprising.
Current conforming mortgage rates for Vermont 30 year fixed rate mortgages are at 4.625% and 3.875% for Vermont 15 year fixed rate mortgages. Vermont 5/1 adjustable rate mortgages are also the same at 3.125%. Vermont borrowers who have maintained good credit can choose these low Vermont mortgage rates with 0.7 to 1% origination fee.
Vermont FHA mortgages are still popular because they have low down payment requirements. Today’s Vermont FHA 30 year fixed rate mortgages are at 4.500%, Vermont FHA 15 year fixed rate mortgages are at 4.000% and Vermont 5/1 adjustable rate mortgages are 3.125%. Vermont FHA mortgage loan rates remain competitive with Vermont conforming loan rates even though Vermont FHA closing costs (APR) are higher due to the upfront mortgage insurance premium and other applicable FHA fees due at closing.
For Vermont borrowers in need of Vermont mortgage loans in excess of the conforming loan limit, which is $417,000 in more areas and $729,250 in higher cost areas, Vermont jumbo mortgage loans are still available with 0.7 to 1% origination fee for those with outstanding credit and the ability to meet lender guidelines. Today’s Vermont 30 year fixed jumbo mortgage loans are at 5.125% and 4.750% for Vermont 15 year fixed jumbo mortgage loans. Vermont 5/1 adjustable rate mortgages are at 3.875%.
Mortgage backed securities (MBS) prices affect mortgage rates which go in the opposite direction either up or down. Today’s MBS prices are down -14/32 (FNMA 30 yr 4.0 at 98.22) which is down from earlier prices of -10/32. Investors have been selling in anticipation of today’s Fed meeting which has created a volatile market.
As the housing market continues to be sluggish, Vermont is expected to see an improvement as the spring season approaches. With its continued low unemployment rate, low mortgage rate Vermont mortgage loans are sought after by many people for relocation as well as Vermont homeowners for refinancing.
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.