Real Estate Talk

Interest Rates as of July 16 2009

July 17th, 2009 11:34 AM by Edgar Carroll Jr

Mortgage Interest Rates*

Rates as of Thursday, 16th July, 2009:

	Conforming	APR	Payment per $1,000	Jumbo	APR	Payment per $1,000
30 Yr Fixed	4.875%	4.938%	$5.29	%	0.000%	$0.00
15 Yr Fixed	4.375%	4.482%	$7.59	%	0.000%	$0.00
5 Yr Fixed	4.250%	4.310%	$4.92	%	0.000%	$0.00
Super Conf 30 Yr Fixed	5.125%	5.188%	$5.44	%	0.000%	$0.00
Super Conf 15 Yr Fixed	4.625%	4.733%	$7.71	%	0.000%	$0.00
FHA 30 Yr Fixed	5.500%	5.565%	$5.68	6.250%	6.344%	$6.16
FHA 15 Yr Fixed	4.750%	4.858%	$7.78	6.250%	6.407%	$8.57
FHA 5/1 ARM	4.250%	4.310%	$4.92	5.000%	5.088%	$5.37

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Conforming rates are based on 740 FICO score, full doc. Jumbo pricing is quoted on a case-to-case basis.

On a side note...I recently obtained my Brokers License which will enhance services for my clients.

Posted in:General

Posted by Edgar Carroll Jr on July 17th, 2009 11:34 AM