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%