How much more should an APR be than the base mortgage rate?

Deal Score0

What is a typical spread for the base mortgage rate to APR for a jumbo mortgage?

I am applying for a 30-year fixed jumbo FHA loan and was quotes a mortgage rate of 5% but with an APR of 5.69%. Is that spread typical (i.e. 0.69% more)?

We will be happy to hear your thoughts

      Leave a reply

      Register New Account
      Reset Password