Reports from fellow mortgage professionals indicate that mortgage rates have moved higher into the 4.875% to 5.125% range for well qualified consumers. To secure a par interest rate you must have a FICO credit score of 740 or higher, a loan to value at 80% or less and pay all closing costs including an estimated one point loan origination/discount/broker fee. If you are seeking a 15 year term you should expect a par rate in the 4.375% to 4.625% range with similar qualifications as the 30 year term. If you are planning to access home equity, you should expect a higher rate of .125% to .25% or additional closing costs.
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