TODAYS LOAN RATES 2/4/2008
Wednesday, February 04, 2009
Todays mortgage loan rates are presented for your interest. Should you have questions regarding real estate or suggestions for mortgage excellent mortgage people in our area, please CALL us at 800-660-0903 or email us at aimee@schallers.net
We’re here to be of service to you!
LARGER LOAN AMOUNTS IN ELEGIBLE AREAS. In federally designated metropolitan areas, qualified customers may be able to borrow up to $625,500 on conforming, 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 amount.
as of 02/04/2009 01:43 PM Eastern
| Product | Interest Rate | APR |
|---|---|---|
| Conforming1 Loans | ||
| 40-Year Fixed | 7.250% | 7.462% |
| 30-Year Fixed | 5.500% | 5.719% |
| 20-Year Fixed | 6.000% | 6.301% |
| 15-Year Fixed | 5.375% | 5.746% |
| 5-Year ARM | 5.250% | 4.912% |
| Jumbo2 Loans – Amounts that exceed conforming loan limits1 | ||
| 30-Year Fixed | 6.625% | 6.778% |
| 5-Year ARM | 6.000% | 5.128% |
| FHA – loan limits vary by county. | ||
| 30-Year Fixed | 6.000% | 6.696% |
