Maureen Megowan's Blog

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Interest Rate Update

Interest Rates eased about a quarter of a percentage point after rising over the last month.  As the recovery progresses,  we can expect to see such cycles of small increases and then an easing of rates, but most experts believe that there will be a slow ratcheting up of interest rates as we move through the year.

What is your interest rate?

The following are interest rate quotes from Al Hermann of American/California Financial Services

30 Yr Fixed FHA

Rate

APR

 

     

4.750%

5.313%

Details

     

 

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

     

4.875%

5.029%

Details

     

 

Conforming Jumbo 30 Yr Fixed $417001 - $625500

Rate

APR

 

     

4.999%

5.146%

Details

     

 

Conforming Jumbo Fixed $625000 - $729750

Rate

APR

 

     

4.999%

5.145%

Details

     

 

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)

Rate

APR

 

     

5.125%

3.795%

Details

     

 

For more information about financing your home purchase, see the Financing page on my website.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 3 commentsMaureen Megowan • April 17 2010 01:31PM

Comments

It is good to have an update for buyers looks like they better get out and make a decision now not later.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) almost 9 years ago

Rates are on the rise since money is on the run.

Posted by David Saks almost 9 years ago

Maureen, Yes, buyers should be buying now!  Thanks for the update

Posted by Marcia Hawken, Naples Luxury Specialist (WILLIAM RAVEIS ) almost 9 years ago

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