Latest Mortgage Rates 6/23/2017

We received information from Scott Jacobsen, Vice President of Residential Lending of Key Mortgage Services, on the latest mortgage rates. Keeping you informed and updated- "per scott". 

The mortgage rates markets were quiet this week, with very little movement. 
Here are the latest mortgage rates:

• 30 year fixed = 3.875%
• 20 year fixed = 3.625%
• 15 year fixed = 3.25%
• 10 year ARM = 3.625%
• 7 Year ARM = 3.50%
• 5 Year ARM = 3.00%

• FHA/VA = 30 year fixed rate = 3.875%

• Jumbo (loan amounts over $424,100)
• 30 year fixed rate = 4.00%
• 5 year ARM = 3.125%
• 7 year ARM = 3.375%
• 10 year ARM = 3.625%

Scott Jacobsen 

Vice President of Residential Lending

Cell: (630) 673-3103

E-fax: (312) 592-2232

Email: Scott.Jacobsen@KeyMortgageServices.com

Website: www.KeyMortgageServices.com/ScottJacobsen

NMLS # 664645

Key Mortgage Services

475 N. Martingale Rd. Suite #100

Schaumburg, IL 60173

Home-Warranty Policies

Offering to buy a one-year home-warranty policy for a prospective buyer is a good idea. A typical home-warranty policy provides for the repair or replacement of most appliances, the electrical and heating systems, the water heater, and a handful of other items that might break down or wear out within a year after the new buyer moves in. These policies give buyers an extra measure of confidence to make an offer and close a sale. $500 or so for all the coverage that a home-warranty policy provides would be a wise investment because it could help the property sell faster, but also because it would provide both you and the buyers another layer of protection. 

Some Home Safety Tips

Here are some basic tips to help you improve your home. 

Fire Safety. Check smoke alarms. Place in each bedroom and on every level of your home. Test smoke alarms once a month to make sure they are working. 

Home Security. Be sure your home is protected from unwanted visitors by boosting your home's security. Use motion sensor lights for the outdoors, and join a neighborhood watch program. Get electronic locks that allow you to control access to your home anywhere. Or you can install a security and surveillance system. 

Emergency Preparedness. Does everyone in your household know what to do in case of emergency? Create evacuation plans for different types of emergencies, such as fires, tornadoes, or hurricanes. Practice each plan with your family. 

The Latest Mortgage Rates

We received information from Scott Jacobsen, Vice President of Residential Lending of Key Mortgage Services, on the latest mortgage rates. 

• 30 year fixed = 3.875%
• 15 year fixed = 3.25%
• 7 Year ARM = 3.375%
• 5 Year ARM = 3.00%
• FHA/VA = 30 year fixed rate = 3.875%
• Jumbo (loan amounts over $424,100) 30 year fixed rate = 4.00%

Maintenance Tip: Dryer Vent Cleaning

People are surprised to learn about the fire hazards associated with dirty dryer vents. You can see in the DryerVentCleaner.com video and according to the U.S. Fire Administration, 2,900 clothes dryer fires occur each year- ignited by accumulated dust, fibers, and lint in the vent. 

The following maintenance steps are recommended to keep your dryer working safely. 

• Clean the lint screen after each use

• Have a professional company clean your dryer vent annually 

• Keep your dryer from overheating by regularly inspecting the exhaust vent and by removing built-up lint and debris 

A warning sign your dryer vent may be clogged is your clothes take longer than normal to dry.