Mortgage 101

The 1st tab, “Rate Indices” provides the 1-day delayed data for mortgage rates which were “locked” by mortgage banks, brokers, and other lenders around the U.S. for Conventional, Jumbo, FHA, and VA 30-year and 15-year fixed mortgages (the most common types and terms). It also shows the trend from the previous day, and the range of rates over the last 30-days.

The 2nd tab, “Credit and LTV”, provides the rates based on credit score range, and then divided between 80% and below Loan-To-Value ratio LTV, and above 80% LTV. The better the credit score and the lower the LTV, the better the mortgage rate.

The 3rd tab, “Rate Trends”, shows the 30, 60, or 90 day trends (select the range in the top left corner), for the loan types and terms from the 1st tab (Conventional, Jumbo, FHA, and VA 30-year and 15-year).