📊 Market Report Comparison: 2/10/2025 vs. 2/18/2025 📈

🔑 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: Increased from 0.343 → 0.47
📈 APR: Increased from 6.85% → 6.87%
💸 P&I Payment: Remains $2,547

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
✅ Rate: 6.13% (unchanged)
📈 Points: Increased from 0.61 → 0.74
📈 APR: Increased from 6.41% → 6.42%
💸 P&I Payment: Remains $2,483

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

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.88% (unchanged)
📈 Points: Increased from 0.91 → 1.00
📈 APR: Increased from 6.73% → 6.74%
💸 P&I Payment: Remains $2,591

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📈 Points: Increased from 1.585 → 1.70
✅ APR: 5.85% (unchanged)
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📉 Points: Decreased from 0.96 → 0.93
✅ APR: 6.62% (unchanged)
💸 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: Increased from 8.21% → 8.23%
💸 P&I Payment: Remains $2,856

📝 Summary:
📈 Purchase Loans: Rates remained unchanged, but points slightly increased for FHA and VA loans, leading to a minor APR increase.
📈 Refinance Loans: VA and FHA Streamline refinance points increased slightly, while conventional refinance points remained stable.
✅ Down Payment Assistance: No significant changes, except a minor increase in APR for the 3.5% Grant program.

📩 Questions? Reach out anytime for personalized advice!