Interest Rate Update

Interest Rates eased about a quarter of a percentage point after rising over the last month.  As the recovery progresses,  we can expect to see such cycles of small increases and then an easing of rates, but most experts believe that there will be a slow ratcheting up of interest rates as we move through the year.

What is your interest rate?

The following are interest rate quotes from Al Hermann of American/California Financial Services

30 Yr Fixed FHA
Rate APR        
4.750% 5.313% Details      

 

Conforming 30 Yr Fixed up to $417000
Rate APR        
4.875% 5.029% Details      

 

Conforming Jumbo 30 Yr Fixed $417001 – $625500
Rate APR        
4.999% 5.146% Details      

 

Conforming Jumbo Fixed $625000 – $729750
Rate APR        
4.999% 5.145% Details      

 

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)
Rate APR        
5.125% 3.795% Details      

 

For more information about financing your home purchase, see the Financing page on my website.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

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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