Mortgage rates for December 4, 2008

Conventional Mortgage Rates

30 year fixed 5.25%                         5.579% APR

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

Monthly principal and interest payment of $1104.41

15 year fixed 5.00%                        5.226% APR

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

Monthly principal and interest payment of $1581.59

FHA Rates

30 year fixed 5.50%                    5.866% APR

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

Monthly principal and interest payment of $1393.76

*Annual Percentage Rate

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