Friday December 5, 2008 Interest Rate Update for The Westwoodian. Rates come down. Here are the approximate interest rates for this week of December 5. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,525) - 5.25%
Agency Jumbo Loan (loan amount $417,000-$625,00) -5.375%
Jumbo Loan (over $625,000) - 6.625%
Beccause the jumbo has come down nearly one point the alternative of the 10 year fixed coverting jumbo is not as appealing.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Mickey Kessler at 8:24 AM
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