📊 Market Report Comparison: 2/24/2025 vs. 3/3/2025 📈

🔑 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: Decreased from 6.13% → 5.75%
📈 Points: Increased from 0.00 → 0.91
📉 APR: Decreased from 6.82% → 6.53%
📉 P&I Payment: Decreased from $2,547 → $2,453

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
📉 Rate: Decreased from 6.13% → 5.75%
📈 Points: Increased from 0.30 → 1.10
📉 APR: Decreased from 6.38% → 6.07%
📉 P&I Payment: Decreased from $2,483 → $2,384

Conventional $400,000 purchase price, 25% down, 780+ credit score:
✅ Rate: 6.50% (unchanged)
📉 Points: Decreased from 0.50 → 0.30
📉 APR: Decreased from 6.57% → 6.55%
💸 P&I Payment: Remains $1,896

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📉 Points: Decreased from 1.00 → 0.47
📉 APR: Decreased from 6.48% → 6.43%
💸 P&I Payment: Remains $2,526

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📉 Points: Decreased from 1.15 → 0.60
📉 APR: Decreased from 5.80% → 5.75%
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
📉 Rate: Decreased from 6.38% → 6.13%
✅ Points: 1.00 (unchanged)
📉 APR: Decreased from 6.50% → 6.24%
📉 P&I Payment: Decreased from $2,495 → $2,430

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

Smart Step 4% Silent Second FHA:
📉 Rate: Decreased from 6.875% → 6.625%
📉 APR: Decreased from 7.79% → 7.53%
📉 P&I Payment: Decreased from $2,757 → $2,692

Smart Step 3% Grant FHA:
📉 Rate: Decreased from 7.375% → 7.125%
📉 APR: Decreased from 8.29% → 8.04%
📉 P&I Payment: Decreased from $2,890 → $2,823

First Step / First Generation FHA:
📉 Rate: Decreased from 6.625% → 6.375%
📉 APR: Decreased from 7.52% → 7.27%
📉 P&I Payment: Decreased from $2,789 → $2,627

3.5% Grant:
✅ Rate: 7.25% (unchanged)
📉 APR: Decreased from 8.13% → 8.18%
💸 P&I Payment: Remains $2,856

📝 Summary:
📉 Purchase Loans: FHA and VA rates saw significant decreases, but points increased. Conventional rates remained unchanged, but points dropped.
📉 Refinance Loans: FHA and VA Streamline points dropped significantly, improving APR. Conventional refinance rates also fell, lowering payments.
📉 Down Payment Assistance: Rates, APR, and P&I payments decreased across all programs, making these options more affordable.

📩 Questions? Reach out anytime for personalized advice!