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.
The following are interest rate quotes from Al Hermann of American/California Financial Services
|
30 Yr Fixed FHA |
|||||
|
Rate |
APR |
|
|||
|
4.750% |
5.313% |
|
Conforming 30 Yr Fixed up to $417000 |
|||||
|
Rate |
APR |
|
|||
|
4.875% |
5.029% |
|
Conforming Jumbo 30 Yr Fixed $417001 - $625500 |
|||||
|
Rate |
APR |
|
|||
|
4.999% |
5.146% |
|
Conforming Jumbo Fixed $625000 - $729750 |
|||||
|
Rate |
APR |
|
|||
|
4.999% |
5.145% |
|
Jumbo 7/1 ARM $1.5 Mil (higher loan amt available) |
|||||
|
Rate |
APR |
|
|||
|
5.125% |
3.795% |
For more information about financing your home purchase, see the Financing page on my website.
Comments(3)