📊 Market Report Comparison: 1/13/2025 vs. 1/21/2025 📈

🔑 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: 6.25% (unchanged)
📉 Points: Decreased from 1.15 → 0.50
📉 APR: Decreased from 7.06% → 7.00%
💸 P&I Payment: Remains $2,579

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
✅ Rate: 6.25% (unchanged)
📉 Points: Decreased from 1.31 → 0.70
📉 APR: Decreased from 6.61% → 6.55%
💸 P&I Payment: Remains $2,516

Conventional $400,000 purchase price, 25% down, 780+ credit score:
✅ Rate: 6.88% (unchanged)
📉 Points: Decreased from 1.28 → 0.59
📉 APR: Decreased from 7.03% → 6.96%
💸 P&I Payment: Remains $1,971

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
📉 Rate: Decreased from 6.25% → 5.88%
📈 Points: Increased from 0.39 → 1.40
📉 APR: Decreased from 7.06% → 6.78%
💸 P&I Payment: Decreased from $2,689 → $2,591

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 6.25% (unchanged)
✅ Points: 0 (unchanged)
📉 APR: Unchanged at 6.32%
💸 P&I Payment: Remains $2,463

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
✅ Rate: 6.88% (unchanged)
📉 Points: Decreased from 1.10 → 0.40
📉 APR: Decreased from 7.01% → 6.94%
💸 P&I Payment: Remains $2,628

💸 CHFA Down Payment Assistance

Smart Step 4% Silent Second FHA:
📉 Rate: Decreased from 7.25% → 7.125%
📉 APR: Decreased from 8.16% → 7.29%
📉 P&I Payment: Decreased from $2,856 → $2,627

Smart Step 3% Grant FHA:
✅ Rate: 7.625% (unchanged)
✅ APR: 8.55% (unchanged)
💸 P&I Payment: Remains $2,957

First Step / First Generation FHA:
✅ Rate: 6.875% (unchanged)
✅ APR: 7.78% (unchanged)
💸 P&I Payment: Remains $2,857

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

📝 Summary:
✅ Purchase Loans: Rates unchanged; points and APR decreased for FHA and Conventional loans, while VA points also dropped significantly.
📉 Refinance Loans: FHA rates dropped; points and APR saw mixed changes. VA and Conventional refinances improved in affordability with reduced points.
📉 CHFA Down Payment Assistance: Smart Step 4% program saw notable decreases in rates, APR, and payments.

📩 Questions? Reach out anytime for personalized advice!