Mortgage Rates Rise For Third Straight Week


Mortgage Interest Rates

8/20/2012, 10:00 a.m. ET

Rates subject to change without notice.

Secondary Market Interest Rates (Purchases and Refinances):

45-Day Lock

Loan Type
Rate without Down Payment Assistance
Rate with Down Payment Assistance
FHA, VA & RHS
640 credit score
AUS approval

3.375%
3.875%

Mortgage Revenue Bond Interest Rates (Purchases ONLY):

60-Day Lock

Loan Type
Rate without Down Payment Assistance
Rate with Down Payment Assistance
FHA & VA
640 credit score
AUS approval
* RHS not applicable due to rate restriction
4.000%
4.250%
Conventional
660 credit score
AUS approval
Maximum 80% LTV*

4.000%
NOT AVAILABLE
Borrower must use own funds or gift funds
* LTV = Loan to Value
our thoughts here… (optional)

Real Estate Finance Insights

30-year fixed rates rise

Mortgage rates in Bellevue keep on rising.

According to Freddie Mac’s weekly Primary Mortgage Market Survey, for the third straight week, the 30-year fixed rate mortgage rate rose, this time tacking on 3 basis points on a week-over-week basis to 3.62%, on average, nationwide. The 3.62% mortgage rate is available to mortgage applicants willing to pay 0.6 discount points plus a full set of closing costs.

Freddie Mac’s published mortgage rates are compiled from a 125-bank survey.

Looking back, it appears that national 30-year fixed rate mortgage rates bottomed at 3.49% in late-July. In the weeks leading up to that bottom, mortgage rates had dropped in 11 of 12 weeks. Since then, though, rates have climbed steadily, moving to a 7-week high, depending on where you live. 

Mortgage rates vary by region. As reported by Freddie Mac, mortgage applicants in the South Region currently pay the highest rates…

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