Apr 27 2011

Interest Rate Update

Published by at 7:38 am under General Information

Last week’s economic reports came from several housing market areas, all of which showed some improvement over the past month.Conforming 30 year fixed mortgage rates are at 4.750%, 15 year fixed mortgage rates are at 4.000% and 5/1 adjustable mortgage rates are at 3.125%.

Jumbo mortgage interest rates continue to be consistently low and beneficial for the high end borrower. Jumbo 30 year fixed mortgage rates are at 5.375%, jumbo 15 year mortgage rates are at 5.000% and jumbo 5/1 adjustable mortgage rates are at 3.875%. Borrowers need jumbo mortgage loans for mortgage financing above the conforming loan limit which is $417,000.

Comments Off on Interest Rate Update

Comments are closed at this time.