Mortgage Rates: June 4, 1999
For more information about interest rates, check our daily update of current market conditions.You may view our rates for:
- Conventional mortgages:
- FHA insured mortgages:
- VA insured mortgages
- Jumbo Mortgages - $240,001 to $650,000
Conventional Mortgages:
| Conventional Conforming Fixed Rate Mortgages | |||||||
|---|---|---|---|---|---|---|---|
| 25-30 Year Loans | 15 Year Loans | ||||||
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 7.250 | 1.875 | 0.000 | 7.586 | 6.750 | 2.000 | 0.000 | 7.290 |
| 7.375 | 1.375 | 0.000 | 7.663 | 6.875 | 1.500 | 0.000 | 7.343 |
| 7.500 | 0.750 | 0.000 | 7.716 | 7.000 | 1.000 | 0.000 | 7.384 |
| 7.625 | 0.250 | 0.000 | 7.793 | 7.125 | 0.500 | 0.000 | 7.425 |
| 7.750 | 0.000 | 0.250 | 7.870 | 7.250 | 0.125 | 0.000 | 7.490 |
| 7.875 | 0.000 | 0.750 | 7.947 | 7.375 | 0.000 | 0.375 | 7.543 |
| 20 Year Loans | 10 Year Loans | ||||||
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 7.375 | 1.000 | 0.000 | 7.687 | 7.000 | 0.875 | 0.000 | 7.504 |
| 7.500 | 0.500 | 0.000 | 7.752 | 7.125 | 0.500 | 0.000 | 7.545 |
| Conventional Balloon Mortgages | |||||||
| 5 Year (80% or lower LTV) | 7 Year (90% or lower LTV) | ||||||
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 6.625 | 1.250 | 0.000 | 6.889 | 6.875 | 0.625 | 0.000 | 7.079 |
| 6.750 | 1.000 | 0.000 | 6.990 | 7.000 | 0.250 | 0.000 | 7.168 |
| 6.875 | 0.750 | 0.000 | 7.091 | 7.125 | 0.125 | 0.000 | 7.281 |
| 7.000 | 0.625 | 0.000 | 7.204 | 7.250 | 0.000 | 0.125 | 7.382 |
| FNMA 1YR ARM - MAX LTV 90%, Up to $240,000 | ||||||
|---|---|---|---|---|---|---|
| Plan | Rate | Points | APR | Margin | Caps | Index |
| (721RR) | 6.375 | 0.000 | 6.471 | 2.625 | 2/6 | 4.93 |
| DU ARM > 90% LTV - Add .25 to points | ||||||
| Metro ARM (State Restrictions Apply) | ||||||
|---|---|---|---|---|---|---|
| Product | Rate | Points | APR | Margin | Caps | Index |
| 5/1 | 7.000 | 0.000 | 7.108 | 3.000 | 2/5 | 4.93 |
| 3/1 | 6.500 | 0.000 | 6.596 | 3.000 | 2/5 | 4.93 |
| 1 Year | 5.750 | 0.000 | 5.846 | 3.000 | 2/5 | 4.93 |
| ** Limited to Certain Cities in Iowa, Contact an ALLIED Loan Counselor ** | ||||||
Non-Owner occupied add 1.50 to points.The APR quoted above assumes a $100,000 mortgage with no PMI and 20% down. It includes a 1% origination fee, a $200
underwriting fee, and a $150 settlement fee.
FHA Mortgages:
| FHA Fixed Rate Mortgages | |||||||
|---|---|---|---|---|---|---|---|
| 25-30 Year Loans | 15 Year Loans | ||||||
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 7.000 | 3.500 | 0.000 | 7.600 | 6.500 | 3.625 | 0.000 | 7.592 |
| 7.250 | 3.000 | 0.000 | 7.814 | 6.750 | 3.375 | 0.000 | 7.806 |
| 7.500 | 1.125 | 0.000 | 7.884 | 7.000 | 0.875 | 0.000 | 7.672 |
| 7.750 | 0.625 | 0.000 | 8.086 | 7.250 | 0.625 | 0.000 | 7.886 |
| 8.000 | 0.000 | 0.500 | 8.228 | 7.500 | 0.000 | 1.000 | 7.884 |
| 8.250 | 0.000 | 1.000 | 8.430 | 7.750 | 0.000 | 1.250 | 8.098 |
| FHA 30 Year Adjustable Rate Mortgages | ||||||
|---|---|---|---|---|---|---|
| Rate | Points | Credit | APR | Index | Margin | Caps |
| 5.000 | 2.875 | 0.000 | 9.176 | 4.93 | 2.00 | 5/1 |
| 5.250 | 2.625 | 0.000 | 9.234 | 4.93 | 2.00 | 5/1 |
| 5.500 | 2.000 | 0.000 | 9.004 | 4.93 | 2.00 | 5/1 |
| 5.750 | 1.750 | 0.000 | 9.062 | 4.93 | 2.00 | 5/1 |
The APR quoted above assumes a $78,000 mortgage. The APR includes a $200
commitment fee. 30 year FHA loans carry a 2.25% upfront
Mortgage Insurance Premium. 15 year loans have a 2% upfront Mortgage Insurance Premium.
VA Mortgages:
| VA Fixed Rate Mortgages | |||||||
|---|---|---|---|---|---|---|---|
| 25-30 Year Loans | 15 Year Loans | ||||||
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 7.000 | 3.750 | 0.000 | 7.672 | 6.500 | 3.875 | 0.000 | 7.580 |
| 7.250 | 3.250 | 0.000 | 7.874 | 6.750 | 3.625 | 0.000 | 7.794 |
| 7.500 | 1.375 | 0.000 | 7.944 | 7.000 | 1.125 | 0.000 | 7.660 |
| 7.750 | 0.875 | 0.000 | 8.158 | 7.250 | 0.875 | 0.000 | 7.874 |
| 8.000 | 0.000 | 0.250 | 8.300 | 7.500 | 0.000 | 0.750 | 7.872 |
| 8.250 | 0.000 | 0.750 | 8.490 | 7.750 | 0.000 | 1.000 | 8.086 |
The APR quoted above assumes a $100,000 loan with an estimated VA Funding Fee of 2%.
Jumbo Mortgages:
| 25-30 Year Loans | 15 Year Loans | ||||||
|---|---|---|---|---|---|---|---|
| Rate | Points | Credit | APR | Rate | Points | Credit | APR |
| 8.000 | 0.625 | 0.000 | 8.192 | 7.500 | 0.625 | 0.000 | 7.788 |
| 8.125 | 0.375 | 0.000 | 8.293 | 7.625 | 0.250 | 0.000 | 7.853 |
| 8.250 | 0.125 | 0.000 | 8.394 | 7.750 | 0.000 | 0.000 | 7.942 |
Non-Owner occupied add 1.50 to points. The APR quoted above assumes a $300,000 mortgage with no PMI and 20% down. It includes a 1% origination fee, a $200 commitment fee, and a $200 settlement fee.
ALLIED is an Equal Housing
Opportunity Lender.
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