Interest Rate Update 04/17/10
Interest rates improved this week for the most part, in spite of mixed economic news. The 30-Year Fixed Conforming Rate is under 5% again, so that is great. Below are some rates for the weekend. These rates are typical for the PURCHASE borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment.
Take a look at FHA 5/1 ARM rates below, as those rates are at 3.5% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point
30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.125% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.5% with 1 Point
5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point
FHA 5/1 ARM---$417,000 and Below: 3.375% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.125% with 1 Point
FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.375% with 1 Point
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