Rates have trended up this week with reaction to the Fed’s announcement that the discount rate was increasing from .5% to .75%. This is the rate banks lend to each other.  The 10 year treasury is now above 3.8% and has taken mortgage rates to a slightly higher level.  Rates as of today are………
 
Conventional
30 year fixed                      5.125% 0+0         (740 FICO, $120,000 maximum loan amount)
15 year fixed                      4.500% 0+0         (740 FICO, $120,000 maximum loan amount)
 
FHA
30 year fixed                      5.250%  0+0         (660 FICO, $120,000 maximum loan amount)
15 year fixed                      4.500%  0+0         (660 FICO, $120,000 maximum loan amount)
 
Jeff McClatchy
VP, Mortgage Manager
Fidelity Bank
940-720-5425 direct
940-564-6650 cell
jmcclatchy@fidelitybankwf.com