Mortgage Blog

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.