Feb 20th Mortgage Market Update

30 year fixed rate 4.75%
( 4.983% APR )
30 year fixed FHA rate: 4.75%
( 5.005% APR )
Jumbo rate: 5.375%
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
(5.694% APR)

Today's News:


Mortgage applications rose 45.7% last week
Falling interest rates cause refinance filings to soar, MBA data show:

http://www.marketwatch.com/news/story/week-to-week-mortgage-applications-up-457/story.aspx?guid=A3E1C145-F14E-4F97-B311-C6E822E0F8B3