Interest Rate Update 12/12/09

By
Real Estate Agent with John Aaroe Group BRE #01708344

Rates remain TERRIFIC!

We had relative stability this week in terms of interest rates, even though bonds were under pressure because of a better than expected Retail Sales Report for November, marking the third monthly increase over the past four months.

Consumer Sentiment was also reported quite a bit better than expectations.

Below are some rates for the week-end. These rates are typical for the borrower will excellent credit and a sizable down payment, exclusive of FHA for the down payment. Take a look at FHA 5/1 ARM rates below, as those rates are at 3.75% for all loans up to $729,750-this is amazing.!This can be a very attractive alternative for FHA buyers.

 

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.75% with 1 Point

5/1 ARM Jumbo---5.0% with 1 Point-amazing for Jumbo product

 

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 5.0% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.75% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.125% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.75% with 1 Point

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Topic:
ActiveRain Community
Location:
California Los Angeles County
Groups:
All Real Estate - Today & Tomorrow
Club Chaos
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Condo Benefits
Tags:
interest rates
mortage loans
ralph gorgoglione
los angeles real estate

Comments 2 New Comment

Rainmaker
791,888
Tim Lorenz
949 874-2247
TIM LORENZ of Keller Williams Realty

Thanks for the information it is important we stay on top of what is going on.

December 13, 2009 12:46 AM
Rainmaker
664,829
Will Nesbitt
Nesbitt Realty is a family-run brokerage.
Nesbitt Realty at Condo Alexandria

Great info! Congrats on the featured post at Condo Benefits.

December 13, 2009 06:34 AM
Ambassador
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Ralph Gorgoglione

California Real Estate (800) 591-6121
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