Interest Rate Update

Excerpts from HSH Associates Newsletter for the week ending 11/24/06:

Little fresh economic data, left mortgage rates little changed at the close of this shortened week: the average 30-year fixed rate mortgage (FRM) shedded three basis points to close the nation’s leading survey of mortgage pricing at 6.30%. Hybrid five-one ARMs declined by a like amount, finishing the poll at an average 6.12%. The economic data that became available this week failed to have any significant impact on markets as none of it fell outside of expectations and changed little from their previous readings.

                                                               Fixed Rate               Variable

Survey Area 15 Year 30 Year Composite 1 Year Composite
NW/National 6.00% 6.30% 6.16% 5.87% 6.07%
CA/Statewide 6.08% 6.36% 6.23% 5.96% 6.06%

Data above include both conforming and jumbo loans for “A” credit borrowers and include a wide range of LTV and discount structures.

About mmegowan

I am a realtor with Remax Estate Properties in Palos Verdes Estates. Visit my website at http://www.maureenmegowan.com
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s