Friday December 12, 2008 Interest Rate Update for The Westwoodian. Rates continue to come down. Here are the approximate interest rates for this week of December 12, 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,525) - 4.875%
Agency Jumbo Loan (loan amount $417,000-$625,00) -5%
Jumbo Loan (over $625,000) - 6.625%
The option to the 30 year Jumbo Loan is a 10 year option arm at 6.375%
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Leesel Boulware
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