06/16/2026
📈 Weekly Market Update: June 16, 2026
Looking to make a move in the market, or just keeping an eye on where things stand? Keeping up with current numbers is a huge part of your home-buying toolkit.
📉 Current Rates & APRs:
🏡Conventional (with 5% Down):
Rate: 6.374% | APR: 6.722%
🏠FHA Loan (with 3.5% Down):
Rate: 5.99% | APR: 6.812%
🪖VA Loan (with 0% Down):
Rate: 6.25% | APR: 6.335%
(Note: Scenarios are based on a 760 credit score for a primary residence with the minimum down payment indicated.)
🤔🪖💭How Do VA Loans Generally Work?
For eligible veterans and service members, VA-backed loans offer unique advantages:
🎖️The Government Guarantee: The VA guarantees a portion of the loan, which often allows lenders to offer more competitive terms.
🎖️Low Down Payment Options: Many VA-eligible borrowers can finance up to 100% of the home's purchase price.
🎖️No Monthly PMI: VA loans typically do not require the monthly mortgage insurance found with other low-down-payment options.
🎖️The VA Funding Fee: While there is often a one-time funding fee, it can frequently be rolled into the loan, and some veterans may be exempt.
⚠️ DISCLAIMER: All information is on an individual basis and serves as a generalization. All loan scenarios are subject to credit and property approval.
Connect with me today to explore your options & schedule a chat! 💬
Bhavani Abe