Lender update from my office affiliate

Conventional rates have remained in the upswing over the past few weeks. Current 30 year conforming purchases are at 3.49% with no points for credit qualified customers. The government rates, FHA & VA, have not moved as much. We are still at 3.25% with no points for credit qualified customers.

Lender Processing Services says that home prices in the U.S. rose by 5.8% year-over-year in the month ended in December. The average home price was $207,000.

Mark Peay

Residential Mortgage Loan Officer

RE/MAX 100 Preferred Mortgage Lender

NMLS ID: 658910

11000 Brokenland Parkway #200

Columbia, MD 21044

Office: 410-715-3285/410-729-6302

SunTrust Mobile: 410-913-9297 (Best contact number)

Personal Mobile: 443-481-8180

Fax: 410-729-3604

Email: Mark.Peay@SunTrust.com