Interest Rate Update for The Westwoodian for Friday February 13th. Rates have dropped since last week, particularly the conforming loan. Here are the approximate interest rates for this week of February 13, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,525) - 4.75%
Agency Jumbo Loan (loan amount $417,000-$625,00) -5.5%
Jumbo Loan (over $625,000) - 6.25%
(in addition there is a 5-1 ARM available at 5.257%)
This information has been provided by
Jim Greenwald of First Capital Mortgage at 310-
434-1703.
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