Rates improved this week as a result of the weakened stock market-good news for us, but not so good for ours and our clients' investments. Below are some rates for the week-end.
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: 5.0% with 1 Point
30 Year Fixed Jumbo---$729,751 to $1,000,000: 6.125% with 1 Point
5/1 ARM Jumbo---5.125% with 1 Point-amazing for Jumbo product
FHA Loans:
FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point
FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.0% with 1 Point-.375 drop
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