Friday, May 22, 2009

Interest Rate Update - May 22, 2009

Fixed Rates (Conforming up to $419,000, Jumbo to $729,000)

30 YEAR- 4.75% to 5.125% 5.125% to 6.00%
20 YEAR 4.75% to 5.125%
15 YEAR- 4.375% to 4.875%

10 YEAR- 4.50% to 5.00%


FHA Fixed Rates

30 Yr Fixed 4.875% to 5.125% 5.375% to 6%
15 Yr ixed 4.25% to 4.5%

2,1,0 Buydown 30 Yr Fixed Year 1 3.75%
Year 2 4.75%
Years 3-30 5.75%

Friday, May 15, 2009

Interest Rate Update - May 15, 2009


Rate Trends: Week of May 8-15, 2009. Rates are GREAT!!!.

ECONOMIC NEWS: Consumer Price Index (Inflation) declined at the fastest annual rate since 1955! Oil prices rose to $60 per barrel during the week, the highest level this year.

CURRENT RATES: Call for current pricing options. Market range listed below…Higher Points/Lower rates……Lower Points/Higher rates.


FIXED RATES

Conventional Conforming up to $417,000 “Jumbo Conforming” to 729,500

30 YEAR- 4.75% to 5.125% 5.125% to 6.00%

15 YEAR- 4.375% to 4.875%



FHA FHA up to $417,000 Jumbo up to $729,750

30 Yr Fixed 4.875% to 5.125% 5.50% to 5.875%

15 Yr Fixed 4.25% to 4.5%


2,1,0 Buydown

30 Yr Fixed

Year 1 3.5%

Year 2 4.5%


Year 3-30 5.5%