📊 Market Report Comparison: 2/18/2025 vs. 2/24/2025 📈

🔑 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 0.47 → 0.00
📉 APR: Decreased from 6.87% → 6.82%
💸 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 0.74 → 0.30
📉 APR: Decreased from 6.42% → 6.38%
💸 P&I Payment: Remains $2,483

Conventional $400,000 purchase price, 25% down, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📉 Points: Decreased from 0.93 → 0.50
📉 APR: Decreased from 6.62% → 6.57%
💸 P&I Payment: Remains $1,896

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
📉 Rate: Decreased from 5.88% → 5.63%
✅ Points: 1.00 (unchanged)
📉 APR: Decreased from 6.74% → 6.48%
📉 P&I Payment: Decreased from $2,591 → $2,526

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📉 Points: Decreased from 1.70 → 1.15
📉 APR: Decreased from 5.85% → 5.80%
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
📉 Rate: Decreased from 6.50% → 6.38%
✅ Points: 1.00 (unchanged)
📉 APR: Decreased from 6.62% → 6.50%
📉 P&I Payment: Decreased from $2,528 → $2,495

💸 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 8.23% → 8.13%
💸 P&I Payment: Remains $2,856

📝 Summary:
📉 Purchase Loans: FHA and VA points dropped significantly, lowering APR slightly. Conventional points also decreased, improving affordability.
📉 Refinance Loans: FHA and VA Streamline refinance rates and APR decreased. Conventional refinance rates dropped slightly, improving affordability.
✅ Down Payment Assistance: No major changes, except a small APR decrease for the 3.5% Grant program.

📩 Questions? Reach out anytime for personalized advice!