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Mortgage Rates 12-14-17

By Chantelle Stein Updated on 12/14/2017

Home prices and rent isn’t the only rising cost in the mortgage marketplace. ATTOM Data Solutions is reporting in the Residential Property Loan Origination Report  that the median down payment for a single-family home or condo purchase with financing went from $14,400 in 2000, to $18,162 in Q2 of this year to $20,000 to date. The median down payment exceeds $50,000 in 12 of the 99 statistical areas represented. The highest amounts were in California markets, naturally. Top on the list was San Jose, CA with a median down payment of $247,000. Fifth on the list was Boulder, CO at $100k.

 

Bookmark this page for mortgage rates:

 

• 30-year (FRM) rates at 3.97% (-0.03%)
• 15-year (FRM) rates at 3.31% (-0.03%)
• FHA 30-year Fixed rates at 3.60% (0.00%)
• Jumbo 30-year Fixed rates at 4.13% (-0.03%)
• 5/1 ARM rates at 3.19% (-0.02%)

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About The Author:
Chantelle Stein
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