Latest Mortgage Rates as of 9/29/2017

Mortgage rates have held steady since my last update.  I keep seeing many sources forecasting higher mortgage rates heading into 2018.

Here are the latest mortgage rates:

Conventional: 

• 30 year fixed = 3.875%
• 20 year fixed = 3.75%
• 15 year fixed = 3.25%
• 10 Year ARM = 3.75%
• 7 Year ARM = 3.50%
• 5 Year ARM = 3.375%
• FHA / VA = 30 year fixed rate = 3.875%
• 
  
• Jumbo (loan amounts over $424,100) 
• 30 year fixed rate = 4.125%
• 15 year fixed rate = 3.50%
• 5 year ARM = 3.25%
• 7 year ARM = 3.50%
• 10 year ARM = 3.75%

** Above rates considering 740+credit score, 25% down payment, owner occupied, 30 day rate lock, $250,001 minimum loan amount, purchase & escrows. Rates can change at any time without notice..


Please let Scott know if you have any mortgage related questions.

Below is Scott's contact information. I have used Scott's services many times.

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