The following are general levels of interest rates for various loan terms for both conforming and Jumbo loans as provided by Al Hermann at al@american-california.com . Interest rates for conforming loans are down about a 1/4 point from 2 weeks ago due to the Federal Reserve program to purchase mortgage backed securities. Loan rates for Jumbo mortgages are also becoming more attractive as lenders re-enter the market.
| Conforming 30 Yr Fixed up to $417,000 |
| 4.625% Rate |
| 4.763% APR |
| Pricing based on 740 credit score, 65% Debt to Income Ratio, 80% Loan to Value Ratio, $417000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR |
| Conforming 30 Yr Fixed $417,001 - $625,500 |
| 5.125% Rate |
| 5.259% APR |
| Pricing based on 740 credit score, 45% Debt to Income Ratio, 80% Loan to Value Ratio, $625500 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR |
| Jumbo 5 Year ARM |
| 5.25% Rate |
| 5.5% APR |
| Pricing based on 740 credit score, 39% Debt to Income Ratio, 80% Loan to Value Ratio, $1000000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. |
| Jumbo 30 year fixed |
| 6.25% Rate |
| 6.5% APR |
| Pricing based on 740 credit score, 39% Debt to Income Ratio, 80% Loan to Value Ratio, Up to $1500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. |
For additional information about Financing , buying or selling a home, visit my website at http://www.maureenmegowan.com
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