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Interest Rate Update - 05/22/09

By
Real Estate Broker/Owner with Metro Life Homes RS-78439 / BRE #01708344

Rates were slightly higher at the end of the week, which is fairly typically near a holiday week-end, because of limited bond trading.

Below are some typical 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:   5.125% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000:  6.375% 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:   5.25% with 1 Point

Comments(1)

Randy "Lazarus" McAtee
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California

i didnt know they were trading anylonger --- Is anybody buying besides the fed?

May 22, 2009 02:19 PM