Mortgage Rates 08-26-2019 Lender411

By Joy Green Updated on 8/26/2019

The economy seems to be thriving. Increasing home prices might be evidence of this. FNM government agencies have decided to raise the threshold for requiring a residential real estate appraisal. Currently mortgages on one to four 4 family homes sold for $250,000 or less may be exempt from an appraisal. The threshold will be increased to $400,000 or less. This will be the first change in the threshold in 25 years

 

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• 30-year (FRM) rates at 3.63% (-0.02%)

• 15-year (FRM) rates at 3.33% (-0.01%)

• FHA 30-year Fixed rates at 3.30% (-0.01%)

• Jumbo 30-year Fixed rates at 3.75% (-0.01%)

• 5/1 ARM rates at 3.42% (-0.02%)