the fed: Rates hit an amazing low this weekend! An even BETTER time to buy! - 03/20/09 10:39 AM
Today's news reported that the Fed will further stimulate the economy by purchasing $750 billion in additional mortgage-related securities and an additional $300 billion in Long-Term Treasury Bonds.
The market has responded with astoundingly low interest rates this weekend.
Some 30-year fixed rate examples include:
Conforming: of 4.25% with 1-point, 4.5% with 0-points
Conforming Jumbo(up to $625,500): 4.375% with 1-point, 4.875 with 0-points
Non-conforming Traditional Jumbo: 5.5% with 1-point, 5.75% with 0-points
FHA (under $362,790): 4.5% with 1-point, 4.75% with 0-points
FHA ($362,791-729,750): 4.5% with 1-point, 4.875% with 0-points
 
 
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