Interest Rate Update for The Westwoodianfor Friday May 8th.
Here are the approximate interest rates for this week of May 8, 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-$625,500) -4.875%
Jumbo loan with a 5-1 arm (loan amount over $625,500)- 5%
Posted by: Leesel Boulware
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