Weak Employment - Lower Interest Rates

The Fed is expected to lower interrest rates again in late January as a result of very weak employment numbers that just came out today. Here are the prevailing interest rates for this week as provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.

30 Year Fixed Loans for Single Family Homes

Conforming Loans (loan amount up to $417,000) - 5.5%
Jumbo Loans (loan amount over 417,000) - 6.5%