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Rate Watch

All average headline mortgage fixed rates rose again this month, according to data from Moneyfacts.


The average rate for a two-year fix lifted by 2 basis points, to 2.98%, while the average rate for a three-year fix was up by 3 basis points rise taking it to 2.96%.


Over longer terms, a 10-year fix jumped by 21 basis points to 3.18%, as the average rate for a five-year fix lifted by 3 basis points to end the week at 3.11%.


Two-year fixes


A 95% LTV average rate lifted by 4 basis points to 3.30%. An 85% LTV average rate and a 75% LTV average rate both rose by 2 basis points to 3.06% and 2.84%, respectively.


The biggest gain registered within this fix was at 50% LTV, where the average rate jumped 17 basis points to 2.85%.


Three-year fixes

A 95% LTV average rate edged up by 1 basis point to 3.21%, while a 70% LTV average rate lifted by 8 basis points to 2.96%.


A 90% LTV average rate rose by 2 basis points to 3.06% and a 60% LTV average rate pushed up 5 by basis points to 2.80%.


Five-year fixes

A 95% LTV average rate and a 90% LTV average rate both edged up by 1 basis point to 3.43% and 3.17%, respectively.


While a 65% LTV average rate jumped by 12 basis points to 3.29% and a 50% LTV average rate lifted by 7 basis points to 3.02%.


10-year fixes

A 60% LTV average rate leapt 39 basis points to 3.06% and a 75% LTV average rate jumped 13 basis points to 2.94%.


Let us guide you to the best possible rates on your next investment property!



 
 
 

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ROC Financial Solutions, LLC. is an originating entity and financing consultant of business purpose funding.  9105 All Saints Road Unit D 330, Laurel MD 20723  ROC Financial Solutions, LLC. is licensed or exempt from licensing all states that they do business in.  We lend on real estate in AL, AK, AR, DC, CO, CT, DE, FL, GA, HI, IL, IN, KS, KY, LA, ME, MD, MA, MI, MO, MT, NH, NM, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.   (Our down payment assistance program is available nationwide).  We lend on business loans in all 50 states.  ROC Financial Solutions originates loans under 12 CRF 1026.3 (a)(1) and 12 CFR 1024.5 (b)(2) Business purpose loans that are exempt from coverage under RESPA as defined by 12 CFR 1026.3 (a)(1) of Regulation Z.   ROC Financial Solutions, LLC only originates business purpose loans on non-owner-occupied residential and commercial, non-TRID regulated real estate properties, or business working capital loans.   Rates, terms, and conditions offered to qualified borrowers, may vary upon loan product, deal structure, location, lender, or other applicable considerations, and are subject to change at any time without notice.   Moreover, any rates, terms and conditions communicated via email shall only constitute a general, non-binding expression of interest on the part of ROC Financial Solutions, LLC., and the associated lender and do not create any legally binding commitment or obligation on the part of ROC Financial Solutions, LLC., and are expressly subject to, but not limited to, the credit, subject property, Investor experience, legal review, and lender approval process.  ROC Financial Solutions LLC., also operates as a Wholesaler on investment residential and commercial, non-owner-occupied properties.  ROC Financial Solutions, LLC., is exempt from licensing for these types of properties and is not a licensed real estate agent or broker.  The recipient of this message agrees to hold harmless ROC Financial Solutions LLC.  DISCLAIMER: ROC Financial Solutions does not finance owner occupied residential real estate. We offer commercial business purpose funding options strictly for non-owner-occupied real estate, and businesses.  Disclosure:  This is a partner program whereas ROC Financial Solutions LLC works with a private lender to offer these services, and ROC Financial Solutions will earn a referral fee from the lender for offering such services.  If you have received this message in error, please delete it.   Our Privacy Disclosure Statement can be found at https://www.rocfinancialsolutions.com/private-policy   Copyright © 2024 ROC Financial Solutions LLC, All rights reserved. 

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