📊 Market Report Comparison: 3/3/2025 vs. 3/11/2025 📈

🔑 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: 5.75% (unchanged)
📈 Points: Increased from 0.91 → 1.38
📈 APR: Increased from 6.53% → 6.57%
💸 P&I Payment: Remains $2,453

VA $400,000 purchase price, 0% down (first use), 660+ credit score:
✅ Rate: 5.75% (unchanged)
📈 Points: Increased from 1.10 → 1.52
📈 APR: Increased from 6.07% → 6.12%
💸 P&I Payment: Remains $2,384

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

💰 Refinance Loans

FHA Streamline $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📈 Points: Increased from 0.47 → 0.716
📈 APR: Increased from 6.43% → 6.45%
💸 P&I Payment: Remains $2,526

VA IRRL $400,000 base loan amount, 660+ credit score:
✅ Rate: 5.63% (unchanged)
📈 Points: Increased from 0.60 → 0.88
📈 APR: Increased from 5.75% → 5.77%
💸 P&I Payment: Remains $2,303

Conventional Refi $400,000 loan amount, 80% LTV, 780+ credit score:
✅ Rate: 6.13% (unchanged)
📈 Points: Increased from 1.00 → 1.55
📈 APR: Increased from 6.24% → 6.30%
💸 P&I Payment: Remains $2,430

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

Smart Step 4% Silent Second FHA:
✅ Rate: 6.625% (unchanged)
✅ APR: 7.53% (unchanged)
💸 P&I Payment: Remains $2,692

Smart Step 3% Grant FHA:
✅ Rate: 7.125% (unchanged)
✅ APR: 8.04% (unchanged)
💸 P&I Payment: Remains $2,823

First Step / First Generation FHA:
✅ Rate: 6.375% (unchanged)
✅ APR: 7.27% (unchanged)
💸 P&I Payment: Remains $2,627

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

📝 Summary:
📈 Purchase Loans: Rates remained unchanged, but points increased for FHA and VA loans, leading to a minor APR increase. Conventional loans remained steady.
📈 Refinance Loans: Points increased across all refinance programs, raising APR slightly, though rates remained the same.
✅ Down Payment Assistance: No changes in rates, APR, or payments.

📩 Questions? Reach out anytime for personalized advice!