Rate Snapshot

The last week has seen the greatest market volatility on record, primarily in the stock market…which has had a positive effect on interest rates, at least in the short term.

As of today, here are some sample rates:

Conforming Loans (Up to $417,000)

30 YR - 4.75%
20 YR – 4.375%
15 YR – 4.125%
5/1 – 3.125%
10/1 – 4.125%

Agency Jumbo ( $418,000 to $729,000)

30 YR – 4.875%
15 YR – 4.25%
5/1 – 3.625%
7/1 – 4%

Jumbo Loans ($729,000 to $2 million)

30 YR - 5.5%
5/1 - 4.375%

All these rates assume a one point origination fee, and are dependent on loan-to-value, FICO score, property type and type of occupancy.

Don’t wait to take advantage of these, as we aren’t likely to see them again for years!