Interest Rate Update

 

The following are general levels of interest rates for various loan terms for both conforming and Jumbo loans as provided by Michael Cordova: michaelc@milestonemtg.com

February 19, 2009


FIXED RATES

CONFORMING

JUMBO

 

Rates

Points

Rates

Points

 

30-Year Fixed Rate

 4.875%

1.000

6.625%

1.000

 

 

 

 

 

 

 

 

 

30-Year Fixed Rate FHA

5.750%

 

6.500%

 

 

 

 

 

 

 

 

 

 

HYBRID ARMS

 

 

 

 

 

 

 

 

 

 

 

 

 

5/1 ARM

4.750%

1.000

6.250%

1.000

 

 

 

 

 

 

 

 

 

7/1 ARM

5.375%

1.000

 

1.000

 

 

 

 

 

 

 

 

 

10/1 ARM

 

1.000

 

1.000

 

 

 

 

 

 

 

 


INTEREST ONLY

Rates

Points

Rates

Points

HYBRID ARMS

 

 

 

 

 

 

 

 

 

 

 

 

5/1 ARM

5.125%

1.000

6.875%

1.000

 

 

 

 

 

 

 

 

 

7/1 ARM

5.500%

1.000

 

1.000

 

 

 

 

 

 

 

 

 

10/1 ARM

 

1.000

 

1.000

 

For more informati on about buying and selling homes on the Palos vVerdes Peninsula, visit my website at http://www.maureenmegowan.com

About mmegowan

I am a realtor with Remax Estate Properties in Palos Verdes Estates. Visit my website at http://www.maureenmegowan.com
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