This weeks rates are brought to you by our friends at the Bank of Jackson Hole:
The Treasury Department is strongly considering a plan to intervene directly in the mortgage industry to dramatically force down interest rates and stimulate the housing market. The Treasury has said it would offer to buy securities that finance newly issued loans for home purchases at rates no more than 4.5 percent for traditional thirty (30) year fixed rate loans!
BANK OF JACKSON HOLE
Residential Mortgage Rates for December 4, 2008
The following rates are thirty (30) day quotes for fully documented, owner-occupied and/or second home loans for borrowers with a minimum credit score of 700 which feature a one (1%) percent loan origination fee and the escrow of taxes & insurance. PLEASE NOTE THAT CONFORMING LOAN AMOUNTS OVER $417,000 WILL FEATURE A HIGHER INTEREST RATE THAN INDICATED BELOW
CONFORMING
(Loans to $625,500)
30 Year Fixed
5.125%
15 Year Fixed
4.875%
10/1 ARM
6.125%
7/1 ARM
5.875%
5/1 ARM
5.500%
3/1 ARM
5.625%
JUMBO
(Loans over $625,500)
30 Year Fixed
7.875%
15 Year Fixed
6.875%
10/1 ARM
7.875%
7/1 ARM
6.000%
5/1 ARM
5.750%
3/1 ARM
6.625%
30 YEAR FIXED RATE FHA LOANS TO $625,500: 5.375%
PRIME RATE: 4.000%
ONE YEAR LIBOR RATE: 2.649%
SUPER JUMBO - We have lending sources for loan amounts up to $3,000,000!
Please contact Graham4 with questions or if you would like to receive regular emails.
graham4@rejh.com
Friday, December 5, 2008
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