Approximate Rates for Week Ending 2/14/26
Rates are very close to 3-Year lows and have only been lower for a few hours on January 10th when President Trump announced Fannie Mae and Freddie Mac bond buy backs. The rates have settled lower despite a better-than-expected employment report as investors seem to have focused more on the lower-than-expected CPI inflation numbers for January. Inflation is decreasing but it’s still higher than the Fed would like so there seems no immediate pressure for them to lower short term rates soon.
55% of experts think rates will stay steady over the next week while 27% think they will go down and 18% think they will increase.
If you have any questions or would like advice tailored to your needs, I would be happy to help! And if you have any family or friends that you think might benefit from my services, I would be grateful for the referral!
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Mark Smith
Victoria Capital
Los Gatos
408 353 9784
www.MarkSmithLoans.com
|
Program |
No Points (APR) |
1 Point (APR) |
Change since last update |
|
Conforming (<$832,750) |
|||
|
30yr Fixed |
5.625% (5.91%) |
5.375% (5.90%) |
-0.125% |
|
30yr FHA |
5.25% (5.99%) |
5.0% (6.12%) |
-0.125% |
|
30yr FTHB |
5.625% (5.91%) |
5.375% (5.90%) |
-0.125% |
|
10yr ARM |
5.625% (5.91%) |
5.25% (5.80%) |
-0.125% |
|
7yr ARM |
5.25% (5.31%) |
5.0% (5.759%) |
-0.25% |
|
5yr ARM |
5.25% (5.31%) |
4.875% (5.56%) |
-0.125% |
|
15yr Fixed |
5.125% (5.21%) |
4.75% (5.09%) |
No Change |
|
High-Cost Conforming (>$832,750<$1,249,125) * |
|||
|
30yr Fixed |
5.875% (6.11%) |
5.55% (6.08%) |
No Change |
|
30yr FHA |
5.375% (5.89%) |
5.0% (5.89%) |
No Change |
|
30yr FTHB |
5.625% (5.91%) |
5.375% (6.00%) |
-0.125% |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
5.5% (5.69%) |
5.125% (5.73%) |
-0.25% |
|
Jumbo (>$1,249,125) * |
|||
|
30yr Fixed |
5.625% (5.84%) |
5.5% (5.89%) |
-0.125% |
|
10yr ARM |
- |
- |
- |
|
7yr ARM |
- |
5.375% (5.69%) |
No Change |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
6.0% (6.09%) |
5.625% (5.77%) |
+0.125% |
LOWER HOME AFFORDABLE RATES FOR FIRST TIME HOMEBUYERS (FTHB) SUBJECT TO INCOME LIMITS
No Points No Cost Also Available!Conforming Rates and APRs calculated on Purchase loan amount of $600k (conforming), $900k (high-cost conforming,) and $1.25m (Jumbo) 30- day lock, 60% LTV, impounds,780 fico.
FTHB (First Time Home Buyer) conforming rates based on purchase loan amount of $750,000 with 20% down, High Cost Conforming $1m with 20% down. Subject to Income Limits
FHA Rates and APRs Calculated on Purchase Loan amount of $700k (Conforming) and $1m (High Cost), 30-day lock, 96.5% LTV, 720 Fico
This is not a commitment to lend. Rates are provided for informational purposes only. Please contact me for rates, products, and costs for your individual situation.
*Assumes high-cost areas, e.g., Santa Clara County and other Bay Area Counties
DRE: 01395052
NLMS:308562
