Interest rates were mixed again this week, but ended the week well. In the news, Greece asked the European Union and International Monetary Fund to activate its huge bailout. The news is relieving some of the uncertainty in the markets. Here at home, Durable Goods Orders grew at its fastest rate since December 2007 when volatile transportation numbers are excluded. New Home Sales also experienced a huge increase and beat expectations in March.
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.
Conventional Loans:
30 Year Fixed Conforming---$417,000 and Below: 5.0% 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-great pricing
5/1 ARM Jumbo---5.125% with 1 Point
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: 3.75% with 1 Point
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