Interest Rate Update

Interest Rate Update for The Westwoodian for Friday February 6th. There has not been much change in interest rates since last week. 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) - 5.25%

Agency Jumbo Loan (loan amount $417,000-$625,00) -5.75%

Jumbo Loan (over $625,000) - 6.5% (in addition there is a 5-1 ARM available at 5.125%)

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