Interest rates have continued to hover at record lows for the year; consternation abounds since the pundits all predicted rates would deteriorate at the end of March, at the finale of the Fed’s mortgage back securities buying program. If you are still considering a refinance or purchase, I’d suggest taking action now.
Up to $417,000
30 yr fixed—4.625%
20 yr fixed—4.375%
15 yr fixed—4%
5/1 Arm—3.375%
10/1 arm—4/125%
$418,000 to $729,000
30 yr fixed—4.75%
15 yr fixed—4.25%
5/1 Arm—3.875%
True Jumbo loans (over $729,000)
30 yr fixed—5.5%
5/1 arm—4.5%
10/1 arm—5.25%
Interest-only products are available, but rates are slightly higher. All rates quoted assume a one percent origination fee, and are subject to FICO scores, loan-to-value, property type, and occupancy.
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