Good Monday Afternoon!

Last week the bond markets held steady throughout the week and we saw very little change to interest rates. This week is pretty quiet for economic news as well. The Fed has committed to buying mortgage bonds through the middle of 2021 so we can expect to see these low rates for another year. Good news for buyers! Enjoy the week, lots of sunshine!

Interest Rates: Monday, June 22, 2020

 

 

 

Based on a loan amount of $200,000 and

 

 

minimum credit score of 740

   

 

 

 

This Week

 

Last Week

 

Program

Term

Int. Rate

APR

Int. Rate

APR

FHA

30 Yr

3.625%

4.740%

3.625%

4.730%

FHA

15 Yr

3.000%

4.190%

3.000%

4.160%

VA

30 Yr

3.625%

3.930%

3.625%

3.920%

VA

15 Yr

3.000%

3.560%

3.000%

3.530%

Conv - 95 LTV

30 Yr

3.500%

4.100%

3.500%

4.110%

Conv - 95 LTV

15 Yr

2.875%

3.800%

2.875%

3.780%

Conv - 80 LTV

30 Yr

3.500%

3.640%

3.500%

3.630%

Conv - 80 LTV

15 Yr

2.875%

3.120%

2.875%

3.100%

 

 

A little old lady answered a knock on the door one day, and was confronted by a well-dressed young man carrying a vacuum cleaner.

"Good morning," said the young man. "If I could take a couple minutes of your time, I would like to demonstrate the very latest in high-powered vacuum cleaners..."

"Go away!" cried the old lady. "I'm broke and haven't got any money!" and she proceeded to close the door.

Quick as a flash, the young man wedged his foot in the door and pushed it wide open.

"Don't be too hasty!" he said. "Not until you have at least seen my demonstration!"

And with that, he emptied a bucket of horse manure onto her hallway carpet.

"Now, if this vacuum cleaner does not remove all traces of this horse manure from your carpet, Madam, I will personally eat the remainder."

The old lady stepped back and said, "Well you just stay right there while l get you a fork, cuz they cut off my electricity this morning."

 

Information for this post was provided by:

 

George Lane

Sales Manager

2006 65th Avenue W

Fircrest, WA 98466

O: 253-460-6200 | M: 253-209-1895

 NMLS #374974 | Company NMLS #3274

Equal Housing Lender

www.​guildmortgage/georgelane