Interest Rate Update

Interest rates remain at very low levels due to the turmoil in the stock markets. The following are interest rate quotes from Al Hermann of American/California Financial Services

The following are interest rate quotes from Ron Goodlin at Coast Captal Group at ron@coastcapitalgroup.com :

*Loan amounts from $150,000-$417,000:

 Mortgage Product        Note Rate                       APR                                            

30yr  fixed                    4.625%                    5.0%

15yr  fixed                    4.0%                       4.335%

7/1   arm                      3.5%                       3.83%

5/1   arm                      3.25%                     3.54%                       

*Loan amounts from $417,000-$729,750

Mortgage Product         Note Rate                       APR   

30yr  fixed                   4.75%                        5.125%           

10/1  arm                    4.25%                        4.45%                   

7/1   arm                     3.75%                        4.39%                  

5/1   arm                     3.375%                      3.69%      

*Loan amounts from $729,750- $2,000,000

  Mortgage Product        Note Rate                        APR   

30yr fixed                   5.375%                       5.68%

10/1 arm                    5.0%                           5.31%

7/1  arm                     4.625%                       4.99%

5/1  arm                     3.75%                         4.01%

3/1  arm                     3.35%                         3.72%       

*Loan amounts from $2,000,000-$5,000,000

 Mortgage Product         Note Rate                       APR

 10/1 arm                    5.375%                       5.625%

7/1 arm                      5.0%                          5.39%           

5/1 arm                      4.5%                          4.89%            

3/1 arm                      3.875%                       4.35%