The Kestner Team

First Tennessee Home Loans - Mario F. Genovese

Rates have improved slightly since the increase over last couple weeks. We saw that last week’s Jobs Report showed unemployment at a 26-year high for the US, and unemployment in Europe isn’t much better, at its highest level in a decade.  If Stocks continue to slide lower, Mortgage Rates could benefit.    

Current Mortgage Rates; Check Out the 5/1 ARM!!  This is a Great product if your customer is not staying in the property long term!

Conventional

30YR Fixed – 5.125% w/1pt.

                      5.375% w/0pts.

15YR Fixed – 4.670% w/1pt.

                      4.875% w/0pts.

FHA

30YR Fixed – 5.280% w/1pt.

                      5.450% w/0pts.

5/1 ARM -   4.040% w/1pt.

                    4.500% w/0pts

(Rates based on 30 day purchase lock w/ FICO Scores of 720 or Higher)

**Rates subject to change prior to locking in**

Thank you for your business!

Mario

FIRST TENNESSEE / powering your dreams