April 29th, 2010 9:52 AM by Eric Fang
I am sorry. I promised that I publish the Rate Trend last weekend. I did not finish it yet.
Anyway, you will find the most of the info here. The rate should stay at this trading range, with the range for the fixed rate a little bit higher.
Here are the rate you can expect. It may go lower if some more countries need to be bailed out.
Conforming(around 400k):30 Yr fixed 4.875%15 Yr fixed 4.375%5 Yr fixed 3.5% to 3.625%(LTV<=60% for 3.5%).7 Yr fixed 3.875%
High-balance(around 600k):30 Yr fixed 5.250%(5.125% can be reached sometimes; 4.875% almost impossible) 15 Yr fixed 4.625%(Not sure about 4.5%; 4.375% almost impossible)5 Yr fixed 3.625%(LTV<=60%, impound needed; otherwise around 4%).7 Yr fixed 4.375%
Please email me if you have any questions about Rentals. Condo rates may be higher since not all lenders do condo loans.