📊 Market Report Comparison: 2/3/2025 vs. 2/10/2025 📈

🔑 Speak Straight Mortgage – Matthew Wentz
📋 NMLS #1852397

💡 Reminder: All programs (except CHFA Down Payment Assistance) come with 0 lender fees!

🏡 Purchase Loans

FHA $400,000 purchase price, 3.5% down, 660+ credit score:
✅ Rate: 6.13% (unchanged)
📉 Points: Decreased from 0.42 → 0.343
📉 APR: Decreased from 6.86% → 6.85%
💸 P&I Payment: Remains $2,547

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
✅ Rate: 6.13% (unchanged)
📉 Points: Decreased from 0.67 → 0.61
📉 APR: Decreased from 6.42% → 6.41%
💸 P&I Payment: Remains $2,483

Conventional $400,000 purchase price, 25% down, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📈 Points: Increased from 0.70 → 0.93
📈 APR: Increased from 6.59% → 6.62%
💸 P&I Payment: Remains $1,896

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.88% (unchanged)
📉 Points: Decreased from 1.04 → 0.91
📉 APR: Decreased from 6.74% → 6.73%
💸 P&I Payment: Remains $2,591

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📉 Points: Decreased slightly from 1.686 → 1.585
📉 APR: Decreased from 5.85% → 5.84%
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📉 Points: Decreased from 0.60 → 0.96
📈 APR: Increased from 6.58% → 6.62%
💸 P&I Payment: Remains $2,528

💸 Down Payment Assistance (FHA $400,000 purchase price, 3.5% down, 660+ credit score)

Smart Step 4% Silent Second FHA:
✅ Rate: 6.875% (unchanged)
✅ APR: 7.79% (unchanged)
💸 P&I Payment: Remains $2,757

Smart Step 3% Grant FHA:
✅ Rate: 7.375% (unchanged)
✅ APR: 8.29% (unchanged)
💸 P&I Payment: Remains $2,890

First Step / First Generation FHA:
✅ Rate: 6.625% (unchanged)
✅ APR: 7.52% (unchanged)
💸 P&I Payment: Remains $2,789

3.5% Grant:
✅ Rate: 7.25% (unchanged)
📉 APR: Decreased from 8.24% → 8.21%
💸 P&I Payment: Remains $2,856

📝 Summary:
✅ Purchase Loans: FHA and VA loans remained stable, with slight decreases in points and APR. Conventional points increased slightly.
✅ Refinance Loans: FHA and VA refinance points decreased slightly, improving APR. Conventional refinance points increased slightly, leading to a small APR increase.
📈 Down Payment Assistance: No major changes, except a small decrease in APR for the 3.5% Grant program.

📩 Questions? Reach out anytime for personalized advice!