Mortgage Interest Rates including Conforming-Jumbo and FHA-Jumbo

EDITORS NOTE: This post is from 2008! Mortgage rates quoted are no longer valid. If I can provide you with a current rate quote for your Washington state home, please click here.

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000.  This scenario includes reserves (taxes & insurance) not being waived.   Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below.

30 Year Fixed:  5.875% (APR 6.023%)

30 Year Fixed with 10 Year Interest Only:  6.250%  (APR 6.388%)

15 Year Fixed: 5.500% (APR 5.743%)

Conforming-Jumbo Rates.   Pricing is based on the same criteria above except where the loan amount is $417,001 – $567,500 for properties in King, Snohomish or Pierce Counties.  (For other conforming-jumbo loan limits in Washington state, click here); specifically priced for a sales price of $650,000 and a $520,000 loan amount.

30 Year Fixed:  6.375% (APR 6.524%)

30 Year Fixed with 10 Year Interest Only:  6.875% (APR 7.018%)

JUMBO (Non-Conforming) Rates.   Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).   The specific scenario used to price the rates below is a sales price of $850,000 with a loan amount of $680,000.

30 Year Fixed priced with 1.5% points: 7.625% (APR 7.841%)

30 Year Fixed priced with 1 point:  8.000% (APR 8.169%)

FHA.  Pricing based on credit score of 620 or better and loan amounts up to $362,790 for FHA in King, Snohomish and Pierce Counties.

30 Year Fixed:  6.125% (APR 6.910%).

FHA-Jumbo. Pricing based on loan amounts from $362,791 – $567,500 for King, Snohomish and Pierce Counties.  For other loan limits in Washington State, click here.

30 Year Fixed: 6.375% (APR 7.158%)

VA.  Pricing based on credit scores of 620 or better based on loan amounts up to $417,000.

30 Year Fixed:  6.25% (APR 6.572%)

Prime Rate (what HELOCs are based on):  5.250%

Please do not select your Mortgage Professional by interest rates alone and do not shop rates by APR.  These programs all have the same closing costs so you can see APR is not a valuable tool.

This is just a small sample available of rates and products.  Rates are as of Friday, April 25, 2008 at 9:00 a.m. and may change at any timeAvailable programs may change at anytime as well.   This is not a guarantee nor is it a commitment of interest rate.  For your personal rate quote for your Washington State property, please contact me.


  1. Hi,
    Your blog is really excellent. But as we move into the last year of 2007, mortgage interest rates are continuing to decrease. They are now at the lowest point in more than two years, thus opening a bit wider the door of opportunity for home buyers. The average rate for a 30-year fixed-rate mortgage is now down to 6.10 percent, with 0.5 points (fees). Last year at this time the rate was 6.14 percent. This is a popular option for many homeowners who are now refinancing their mortgage. 🙂

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