Mortgage Rates as of November 1, 2023

1. Rates as of 11/01/2023 and can change without notice. Rate is based on 30-day lock for purchase transaction.
2. The information provided on this page is for informational and comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on various factors such as: when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, loan to value ratio, etc. The payment examples are principal and interest only and do not include mortgage insurance, taxes and other property insurance. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums.
3. APR includes a 2.3% VA funding fee for first time users.
4. For loan amounts greater than $1,089,300.
5. Interest rates and payments may increase after consummation. After the initial fixed-rate period, your interest rate can increase or decrease every 6 months according to the then current index.
6. Since the index in the future is unknown, the Current Adjusted Interest Rate and Current Adjusted Payment are based on the current index plus the margin at the time of the effective date shown above, and are only an example of what your rate and payment would be if your loan adjustment date was the date shown above. The Adjusted Interest Rate and Adjusted Payment may differ when the term for your initial rate expires. Your mortgage will change on the adjustment dates and will be equal to an index, which is based on the 30 Day Average of the Secured Overnight Funding Rate (SOFR) as published daily by the Federal Reserve Bank of New York, plus a margin of 2.75%. For more information on the SOFR index, please visit the Federal Reserve Bank of New York.
7. Max loan $4,000,000
8. Rates are based off 20% Down and $1,089,300
9. Rates are the same for 3-2-1 Buydown.
10. With a 3-2-1 buydown, Only seller or builder concessions can pay the upfront lump sum fee in order to reduce the buyer’s mortgage rate temporarily, in effect making their monthly payments for the first three years lower than they’ll be in the future.  The “3-2-1” aspect of the term comes from the fact that the buyer’s mortgage rate will be reduced by 3% during the first year, 2% the next year, and 1% the following year, after which it will return to standard pricing for the duration of the loan. Program is available for FHA, VA and Conventional purchases only.