Due to all of the renewed interest in re-financing coupled with some poor numbers from the treasury, interest rates have ticked up slightly but continue to be at all-time lows. Here are the approximate interest rates for this week of January 16, 2009 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) -5.5%
Jumbo Loan (over $625,000) - 6.5% (in addition there is a 7-1 ARM available at 5.625%)
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-
434-1703.Posted by Leesel Boulware
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