Mortgage Blog

The ARM rate is a little bit higher even though the fixed rates are lower. The lenders are getting enough ARM loans, and now they compete for the fixed loans.

I have the following very good fixed rates.

Conforming:
10 Yr fixed 4.125%
20 Yr fixed 4.5%
30 Yr fixed 4.625%

Jumbo Conforming:
30 Yr fixed 4.875% to 5%.

We will see the direction after this round of low rates. Either another rotation for ARMs or reversal for higher rates.