MORTGAGE RATES UPDATE

MORTGAGE RATES UPDATE

Mortgage rates have really shot upward pretty quickly/sharply since the Presidential Election results. This is primarily as a result of how the market/economy has reacted to the results (among other factors).  Of course, there's no way of knowing for sure if this trend will continue, but I would continue to caution home-shoppers that it could be a very bumpy ride on mortgage rates over the coming weeks and months (or even longer).  However, historically speaking, current mortgage rates are still INCREDIBLY low compared to most times throughout the history of the market, and it still remains an EXCELLENT time to buy a home!  Here is a general range of current market 



CURRENT AVERAGE MARKET RATES

Conventional 30YF

    4.0% to 4.25%                                            (* APR 4.153% - 4.403%)

Conventional 15YF

    3.375% to 3.625%                                      (* APR 3.572% - 3.822%)

FHA 30YF

    4.0% to 4.375%                                          (* APR 4.102% - 4.4.477%)

VA 30YF

    .0% to 4.375%                                            (* APR 4.412% - 4.787%)

JUMBO 30YF

    4.375% to 4.75%                                        (* APR 4.475% - 4.875%)



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Jon Maguire

NMLS ID: 204787 

Senior Loan Officer – The Maguire Team

FIVE STAR PROFESSIONAL Industry Award Winner (as seen in “Atlanta Magazine” 8/2013)

Academy Mortgage Customer Service Award Winner – 2010, 2011, 2012, 2013

5565 Glenridge Connector, Suite 400

Atlanta, Georgia 30342

( Cell: (770) 331-7500

( Fax: (404) 835-9663

( Branch Main: (404) 574-2600

* jon.maguire@academymortgage.com

www.academymortgage.com/jonmaguire

** You can also reach my Assistant, Jeanie Koehler, at (404) 574-2627 **

GA Residential Mortgage License: 28208  |  Academy NMLS #3113  |  GRMA#20505 |  EQUAL HOUSING LENDER



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Dated: December 5th 2016
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