Traditional & Non-Traditional Mortgage Solutions

MORTGAGE RATES: WEEK OF 2/9/2025 

🏠 FHA: 5.125% Rate (APR ~5.876%)

FHA allows as little as 3.5% down up to a $1.2M loan amount.

📄 Conforming: 5.875% Rate (APR ~5.968%)

Conforming allows as little as 3% down up to $833k, or 5% down up to $1.25M loan amount.

🏦 Jumbo 7/ARM: 5.625% Rate (APR ~5.81%)

Jumbo loans are required above $1.2M, but rates can be more competitive with strong credit/reserves.

🧾 Bank Statement Loan: 6.25% Rate (APR ~6.368%)

Perfect for self-employed borrowers who can’t qualify with tax returns.

What is APR? Basically, APR is how lenders communicate the cost of a loan so you can compare between lenders. It's not the rate your payment is based on.  

Mortgage Market Update
Rates have been choppy but cooperative lately. We’ve seen some relief as economic data cools just enough to keep bond markets supported, but volatility is still the theme, not a straight line down.

Translation: good days are showing up, but timing matters more than ever.

Buyers and refinancers are getting windows where pricing improves, then gives some back. This is a market that rewards staying engaged, not setting it and forgetting it.

 
What to watch this week
Inflation data & labor numbers:  Anything showing slowdown helps rates
Bond market reaction, not just headlines (this is where rates actually move)
Fed commentary, tone matters more than policy right now
 
Looking ahead
Longer term, rates will likely ease as the economy continues to cool, but the path there won’t be smooth. Expect opportunity bursts, not a straight glide lower.

For buyers, this environment favors flexible strategies and smart structuring. For homeowners, it’s about being ready when the window opens.

Derek Vail | NMLS #1233953 | Equal Housing Lender .