- GTG Weekly
- Posts
- Mortgage Rates 📢 December 9th, 2024
Mortgage Rates 📢 December 9th, 2024
Mortgage Rates ⬇️ continue thier march down. It's not time to pack it in for winter yet!
Glenn Groves
December 09, 2024
INTEREST RATES
10 year 3-Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬇️ Conv. | 6.500% / 6.516% | -.125% |
⬇️ Conv. HB | 6.625% / 6.636% | -.375% |
⬇️ JUMBO | 6.625% / 6.634% | -.125% |
⬇️ FHA 3.5% DP | 5.750% / 6.673% | -.250% |
⬇️ VA 0% DP | 5.750% / 5.959% | -.250% |
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
Rates: Movement downward continues! We are watching a steady decline in rates happen again. Last weeks BLS jobs report came in slight higher than expected. Most were “bounce back” jobs as a result of the dock strikes and storms. This Thursday will see initial jobless claims.
Bottom Line: This is good news! Spread the word to your shopping clients! It’s unknown how long this will last!
Reply