Weekly Mortgage Rate Update | 12/12/08
Interest rates are incredible right now! This week marked the 6th consecutive week of decline. There’s been a surge of refinances as people seek the security of low fixed rates. Please contact your lender with questions or you can find lender’s I recommend here.
If you’re thinking about purchasing, especially if you are looking at short sale and bank-owned real estate, make sure you get pre-qualified asap. When we make an offer on one of these properties, a pre-qualification letter has to be included with the offer. If you see the perfect deal, you want to be ready.
| Mortgage Rates | 30 Yr Fixed | 15 Yr Fixed |
| Conventional* | 5.125% | 5.000% |
| Jumbo* | 5.875% | 5.875% |
| FHA/VA | 5.500% | |
| IHFA | 5.000% | |
| *80% LTV, Primary Residence, FICO 720+.
Information subject to change & not guaranteed |
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