MORTGAGE RATES FOR 5/12/09
Tuesday, May 12, 2009
Larger Loan Amounts in Eligible Areas. In federally designated metropolitan areas, qualified customers may be able to borrow up to $625,500 on conforming1 or FHA loans without paying the typical higher interest rates on jumbo loan amounts. Contact a local home mortgage specialist to determine your eligibility for a larger loan amount.
as of 05/12/2009 04:45 PM Eastern
| Product | Interest Rate | APR |
|---|---|---|
| Conforming1 Loans | ||
| 40-Year Fixed | 6.500% | 6.700% |
| 30-Year Fixed | 4.875% | 5.086% |
| 20-Year Fixed | 4.875% | 5.163% |
| 15-Year Fixed | 4.500% | 4.862% |
| 5-Year ARM | 3.875% | 4.155% |
| Jumbo2 Loans – Amounts that exceed conforming loan limits1 | ||
| 30-Year Fixed | 6.125% | 6.273% |
| 5-Year ARM | 5.125% | 4.549% |
| FHA – loan limits vary by county. | ||
| 30-Year Fixed | 5.000% | 5.645% |
