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- Mortgage Rates 📢 August 12th, 2024
Mortgage Rates 📢 August 12th, 2024
Rates Stabilize ↔️ — As the dust settles, we're better off than we were a few weeks ago. Let's keep our fingers crossed for less volatility.
Glenn Groves
August 12, 2024
INTEREST RATES
10-Year-Treasury 1-Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.500% / 6.514% | -.000% |
⬇️ Conv. HB | 6.875% / 6.884% | -.125% |
⬇️ JUMBO | 7.000% / 7.011% | -.250% |
⬆️ FHA 3.5% DP | 5.750% / 6.672% | +.125% |
↔️ VA 0% DP | 5.750% / 5.959% | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rate Markets: Here are the weekly changes from Tuesday. This removes the sharp drop and pop back on Monday. I did not want to shock you guys with a bunch of RED.
Bottom Line: Rates settled mid-last week into a range that we can all deal with. As mentioned before, trending in the right direction, but don’t expect smooth sailing the whole time.
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