Maureen Megowan's Blog

head_left_image

Interest Rates Again Move down Slightly

Interest Rates have again moved down about an eighth of a point over the last couple of weeks as investors continue to move their investments into government securities due to the turmoil in the middle east, which have caused overall interest rates to move downward slightly, 

 

 

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

 

 

30 Yr Fixed FHA

Rate

APR

 

       

4.375

4.834

Details

       

 

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

       

4.625

4.778

Details

       

 

Conforming Jumbo 30 Yr Fixed $417001 - $729750

Rate

APR

 

       

4.750

4.896

Details

       

 

Jumbo 30 Yr. to $1.5 Mil

Rate

APR

 

       

5.375

5.516

Details

       

 

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

Rate

APR

 

       

4.490

3.518

Details

       
 

 

The following are interest rate quotes from Jan Schott Bank of America, Home Loans jan.schott@bankofamerica.com 310-802-2300 :

Friday, March 11, 2011

 

Conforming 15/Yr Fixed to $417,000

3.875% @ .625/pts               4.125% @ 0/pts

 

Conforming 30/Yr Fixed to $417,000

4.750% @ .325/pt                4.875% @ 0/pts

 

Conforming High Balance 30/Yr Fixed to $729,750

4.750%@ .875/pts               5.000%@ 0/pts

  

Non-Conforming 5/Yr Fixed to $2,000,000

4.000% @ .750/pts               4.250% @ 0/pts

 

Non-Conforming 30/Yr/Fixed to $2,000,000

5.375%@ .875/pt                 5.625%@ 0/pts

  

FHA Fixed to $729,750

4.750%@ .375/pt                 4.875%@ 0/pts

Rates based on 20% down, FICO score of 740 or greater, 30/day pricing.  .FHA is based on 3.5% down payment, FICO 620, 30/day pricing. Rates not guaranteed and subject to change daily.  Pricing adjustments may apply. Points are for rate only.  Standard closing costs apply.

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 0 commentsMaureen Megowan • March 11 2011 02:39PM

Comments

This blog does not allow anonymous comments