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Interest Rate Snapshot as of March 8

Mortgage Rates

Happy House Hunting!

As you search for your next abode, here is an updated snapshot of mortgage interest rates.  This information is provided by M&T Bank, our trusted mortgage partner. 

Mortgage rates finally got some relief on the news this morning that unemployment rose in February from 3.7% to 3.9%.  Going into the weekend M&T mortgage rates are at some of the lowest levels we’ve seen in 2024...

Sample M&T Mortgage Interest Rates 2/29/2024.  Purchase transaction, 25% down payment, 760 Credit, Single Family Primary Residence, 45-Day Lock:

 

  • Jumbo (loan amounts over $766,550)
    • Jumbo 30-Year Fixed: 6.625%
      • (6.661% APR)
    • Jumbo 7/6 ARM: 6.125%
      • (7.223% APR)
    • Jumbo 5/6 ARM: 6%
      • (7.435% APR)
  • Conforming (loan amounts $766,550 or below)
    • Conforming 30-Year Fixed: 6.375%
      • (7.024% APR)
    • Conforming 7/6 ARM: 6.125%
      • (7.274% APR)

*For scenario-specific rates, please reach out to our partner below.  Rates change every business day*

 

Zachary P. Smith Private Mortgage Banker NMLS# 1179591

M&T Bank | Mortgage Division, One Post Office Square | Boston, MA 02109

802-558-3399 zsmith2@mtb.com

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