Interest Rate Update

Interest Rate Update for The Westwoodian for Friday March 13, 2009.

Interest rates are down just slightly from last week. Here are the approximate interest rates for this week of March 13, 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) -5.125%

Jumbo Loan (over $625,000) - 6.5%

There is also an apealing option of a 5-1 arm at 5.25%

This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

Posted by: Leesel Boulware