Monday, December 29, 2008

December 29th Market Update




I hope everyone had a great Christmas. I know I did. Santa was good to our family this year. I look forward to the new year. Rates are fantastic and many experts are saying now is a good time to take advantage of the current low home prices, and the historically low interest rates.

30 year fixed rate
4.875% @ 1 point ( 5.032% APR )

30 year fixed FHA rate:
5.5% @ 1 point ( 5.637% APR )

Jumbo rate:
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.

5.5% @ 1 point (5.749% APR)

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