January 10, 2008
Last week I predicted rates to stay or slightly improve and that's what we have. Notice the improvements on in the Jumbo quotes!
Here's a sample of today's purchase money rates, 0+1, with escrows. These are subject to vary based on loan amount, occupancy, credit quality and other factors:
Conventional (using 250K as amt) 30 yr fixed 5.5%
15 yr fixed 4.875%
5/1 ARM 5.00%
Jumbo (using 650K as amt) 30 yr fixed 6.25%
15 yr fixed 5.75% (0+.5)
5/1 ARM 5.625%
Compliments of Ashleigh Sumlin, BRADFORD MORTGAGE COMPANY, 704-373-2289
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