Graham4 Jackson Hole

This weeks mortgage rates are brought to you by our friends at BANK OF JACKSON HOLE:

Interest rates are unchanged this morning as oil prices fall more than $2 to $38.25 a barrel. Oil prices have fell 54% last year and have shed more than $100 from a record peak of above $147 a barrel last July! Wall Street is down this morning as investors show caution as quarterly corporate reporting begins with Alcoa being the first to report. The Dow component, which warned last week it will cut about 13% of it global workforce, is due to post its earnings result after the stock market closes today.

BANK OF JACKSON HOLE

Residential Mortgage Rates for January 12, 2009

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 TO $625,500
ARE AVAILABLE AT HIGHER INTEREST RATES THAN INDICATED BELOW.

CONFORMING
(Loans to $417,000)

30 Year Fixed
4.750%

15 Year Fixed
4.500%

10/1 ARM
5.125%

7/1 ARM
4.875%

5/1 ARM
4.750%

3/1 ARM
5.000%

JUMBO
(Loans over $417,000)

30 Year Fixed
7.875%

15 Year Fixed
6.875%

10/1 ARM
7.875%

7/1 ARM
5.875%

5/1 ARM
5.625%

3/1 ARM
6.625%

30 Year Fixed Rate FHA Loans to $625,000: 5.000%

Prime Rate: 3.250%
One Year Libor Rate: 1.855%

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. info@graham4jh.com