Mortgage rates for November 19, 2008

Conventional Mortgage Rates

30 year fixed 5.875%                       6.068% APR

Example: $250,000 purchase price.  $200,000 loan amount. 360 payments.

Monthly principal and interest payment of $1215.22

15 year fixed 5.625%                      5.945% APR

Example: $250,000 purchase price.  $200,000 loan amount. 180 payments.

Monthly principal and interest payment of $1647.46

FHA Rates

30 year fixed 6.00%                    6.412% APR

Example: $250,000 purchase price.  $244,375 loan amount. 360 payments.

Monthly principal and interest payment of $1471.90

 *Annual Percentage Rate

** Quoted payments do not include monthly property taxes, homeowner's insurance or mortgage insurance.