Iowa Mortgage Rates;
The Iowa housing market has slowed but demand is still strong and the market is experiencing a soft landing. Buyers have a good selection of new and pre existing homes to choose from. Sellers are offering incentives and attractive pricing to ensure sales. There are signs that the people who have been waiting on the sidelines for the last couple of years are beginning to enter the market.
This is the perfect time to buy. Interest rates are low, great choice of housing and realistic prices.
The economy remains strong, unemployment is low and Iowa remains an attractive state to move into . All this means that, although the market is slow at the moment, there are positive signs for the housing market.
For buyers there is a good choice of affordable homes and for sellers, there are eager buyers who will make a purchasing decision for the right deal.
Below are examples of rates currently being offered.
For loans up to $417,000
30 Yr Fixed : rates from 5.75% to 6.625%
15 Yr Fixed : rates from 5.5% to 6.375%
1 Yr ARM : rates from 5% to 6.75%
3/1 ARM : rates from 5.125% to 6.375%
5/1 ARM : rates from 5.375% to 6.5%
For loans above $417,000
30 Yr Fixed Jumbo : rates from 6.125% to 6.75
15 Yr Fixed Jumbo : rates from 5.625% to 6.625%
1 Yr ARM Jumbo : rates from 5.375% to 6.5%
3/1 ARM Jumbo : rates from 5.625% to 6.875%
5/1 ARM Jumbo : rates from 5.625 to 6.5%
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Major Iowa
Cities;
Burlington
Davenport
Mason City |
